A convertible bond has the following features. What is its conversion premium? Coupon 5.25% Maturity June 15,
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A convertible bond has the following features. What is its conversion premium?
Coupon 5.25%
Maturity June 15, 2030 Market price of bond $77.50 Market price of underlying common stock $28.00 Annual dividend $1.20 Conversion ratio 20.83 shares? P-69
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Related Book For
ISE Investments
ISBN: 9781266085963
13th International Edition
Authors: Zvi Bodie, Alex Kane, Alan Marcus
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