Question: Rumor has it that GOJEK is planning to issue its series G of preferred share in September 2020. This series will promise an Rp.1.000,000 per

Rumor has it that GOJEK is planning to issue its series G of preferred share in September 2020. This series will promise an Rp.1.000,000 per share return annually. You are interested to buy this series, and as usual, your required rate of return is 7%. Now:

a) What is the maximum price of this series so you are willing to invest in? Show your calculation.

b) As usual, also, this series of GOJEK issuance has a convertible clause after 10 years. What does this mean?

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