Yebuzz Ltd Has Just Raised $100 Million by an Issue

question 17

Multiple Choice

Yebuzz Ltd has just raised $100 million by an issue of 10 million converting preference shares.Each CPS converts into five ordinary shares.If the ordinary share price immediately prior to conversion is $2 per share,calculate the rate of the conversion discount.

• A)0.5%
• B)0.9%
• C)0%
• D)5%

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Definitions:

Caption

Brief commentary or explanation that accompanies a visual.

Visual's Content

The graphical elements, such as images, videos, and animations, used in communication and media to convey messages.

Legend

A "key" that helps readers decode a visual by explaining what various colors, symbols, or other design choices mean.

Tightly Integrated

Systems or components closely linked together, working in a seamless, efficient manner to achieve a common goal.