During the past 2 years Meacham Industries issued three separate convertible bonds. For each of them, calculate
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During the past 2 years Meacham Industries issued three separate convertible bonds. For each of them, calculate the conversion price:
a. A $1,000-par-value bond that is convertible into 10 shares of common stock.
b. A $1,000-par-value bond that is convertible into 20 shares of common stock.
c. A $1,500-par-value bond that is convertible into 50 shares of common stock.
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Related Book For
Principles of Managerial Finance
ISBN: 978-0134476315
15th edition
Authors: Chad J. Zutter, Scott B. Smart
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