=+LG 4 ST172 Finding convertible bond values Mountain Mining Company has an outstanding issue of convertible bonds
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=+LG 4 ST17–2 Finding convertible bond values Mountain Mining Company has an outstanding issue of convertible bonds with a $1,000 par value. These bonds are convertible into 40 shares of common stock. They have a 5% annual coupon rate and a 25-year maturity. The interest rate on a straight bond of similar risk is currently 6.5%.
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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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