Convertible Bonds You own a callable, convertible bond with a conversion ratio of 24.25. The stock is

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Convertible Bonds You own a callable, convertible bond with a conversion ratio of 24.25.

The stock is currently selling for $48 per share. The issuer of the bond has announced a call at a call price of 110.

What are your options here? What should you do?

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Corporate Finance With Connect Access Card

ISBN: 978-1259672484

10th Edition

Authors: Stephen Ross ,Randolph Westerfield ,Jeffrey Jaffe

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Question Posted: Jul 10, 2024 08:01 AM

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Convertible Bonds You own a callable, convertible bond with a conversion ratio of 24.25. The stock is

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Corporate Finance With Connect Access Card

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