You own a callable, convertible bond with a conversion ratio of 23.17. The stock is currently selling
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You own a callable, convertible bond with a conversion ratio of 23.17. The stock is currently selling for $54 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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You can convert or tender the bond ie sur...View the full answer
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Related Book For
Corporate Finance
ISBN: 978-1259918940
12th edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
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