Question 1: Company A has issued 15-year, 10% coupon semi-annual payment non-callable convertible bonds. The bonds have a total nominal value of R250 000 000, with minimum denominations of R1 000 000 each, and each R1 000 000 nominal value is convertible into 80 000 Company A shares. The bond indenture stipulates that Company A will not issue further debt that is senior to the bonds. […]
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