Lummer plc has issued 60m 15-year 8.5 per cent coupon bonds with a par value of 100.

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Lummer plc has issued £60m 15-year 8.5 per cent coupon bonds with a par value of £100. Each bond is convertible into 40 shares of Lummer ordinary shares, which are currently trading at £1.90. What is the conversion price?

What is the conversion premium?

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Essentials Of Corporate Financial Management

ISBN: 9780273758877

2nd Edition

Authors: Glen Arnold

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Question Posted: Jun 10, 2024 02:20 AM

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Lummer plc has issued 60m 15-year 8.5 per cent coupon bonds with a par value of 100.

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Essentials Of Corporate Financial Management

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