Time left $0$:$36$:$28$

Question $11$

Not yet answered

Marked out of $3\mathrm{.}00$

Flag question

Question text

Mr Daniels is a bondholder and owns a R$5000$ convertible bond. The bond has a conversion rate of $400$ and can be converted into ordinary shares. Mr$.$ Daniels has the choice to receive R$5000$ on the maturity date or to convert his bond to $400$ ordinary shares. What is the lowest price that will benefit Mr Daniels to convert his bond to ordinary shares?

$($a$)$ R$13,50$

$($b$)$ R$11,00$

$($c$)$ R$12,70$

$($d$)$ R$10,90$

Select one:

a$.$

R$13,50$

b$.$

R$12,70$

c$.$

R$11,00$

d$.$

R$10,90$

Question $12$

Not yet answered

Marked out of $3\mathrm{.}00$

Flag question

Question text

The following information $($year$-$on$-$year datasets$)$ for ABC company is available:

Accounts

$2022$

$2023$

Total assets

$2000000$

$2500000$

Salaries & expenses

$800000$

$805000$

Operating profit

$400000$

$600000$

Calculate the Return on total assets for ABC company for both years?

$($a$)2022=20\%$; $2023=24\%$

$($b$)2022=24\%$; $2023=20\%$

$($c$)2022=40\%$; $2023=32\%$

$($d$)2022=32\%$; $2023=40\%$

Select one:

a$.$

$2022=24\%$; $2023=20\%$

b$.$

$2022=40\%$; $2023=32\%$

c$.$

$2022=20\%$; $2023=24\%$

d$.$

$2022=32\%$; $2023=40\%$

Question $13$

Not yet answered

Marked out of $3\mathrm{.}00$

Flag question

Question text

Use the following information as on $31$ March $2022$ for Perfect$-$Pizzas Ltd$.$

Total equity $=$ R$97500000$

Ordinary share capital $=$ R$60000000($Note $1)$

Non$-$current liabilities $=$ R$31750000$

$12\%$ Debentures $=$ R$16000000($Note $2)$

Long$-$term loan $=$ R$15000000($Note $3)$

Current liabilities $=$ R$3750000$

Total equity and liabilities $=$ R$133000000$

Notes & Additional information

$1)$ The historical average issue price of ordinary shares is $375$ cents. The latest known share price is $938$ cents. Perfect$-$Pizzas Ltd has just declared and paid a dividend of $34$ cents. In line with its stable annual growth, the company is expecting to declare a dividend of $40$ cents for the year ended $31$ March $2023.$ The government bonds $($risk$-$free rate$)$ currently yield $8,21\%,$ and the companys beta is estimated at