=+LG 4 P1714 Determining values: Convertible bond Craigs Cake Company has an outstanding issue of 15-year convertible
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=+LG 4 P17–14 Determining values: Convertible bond Craig’s Cake Company has an outstanding issue of 15-year convertible bonds with a $1,000 par value. These bonds are convertible into 80 shares of common stock. They have an 8% annual coupon rate, whereas the interest rate on straight bonds of similar risk is 10%.
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Related Book For
Principles Of Managerial Finance
ISBN: 9781292261515
15th Global Edition
Authors: Chad J. Zutter, Scott Smart
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