$2023-$ Dec $[3]($b$)$ FIZZLE Limited's earnings and dividends have b

growing at a rate of $18$ per cent per annum. This growth rate is expecte

continue for $4$ years. After that the growth rate will fall to $12$ per cent fol

next $4$ years. Thereafter, the growth rate is expected to be $6$ per

forever. The last dividend per share was $2\mathrm{.}00$ and the investors' requ

rate of return on FIZZLE's equity is $15$ per cent.

Required:

Assess the value of Equity share using a $3-$step procedure.

$2023-$ Dec $[4]($a$)$ Following information is related to the Convertible

of SONTA Ltd$.$ which is currently priced at $1,060$ per Bond:

Conversion Parity Price $=53$

Conversion Premium $=10\mathrm{.}41667\%$

Percentage of Downside Risk with respect to Straight Value of Bol

$12\mathrm{.}766\%$

Required:

$($i$)$ Calculate No$.$ of shares on Conversion.

$($ii$)$ Analyse Current Market Price Per Share of SONTA Ltd$.$

$($iii$)$ Assess the Straight Value of Bond.