Suppose you own 1,000 shares of STU Corporation 10% convertible preferred stock. If each preferred share is
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Suppose you own 1,000 shares of STU Corporation 10% convertible preferred stock. If each preferred share is convertible into 40 common shares, what is the conversion value of your 1,000 preferred shares if the common stock is trading at:
a. $20 per share?
b. $30 per share?
c. $40 per share?
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Related Book For
Financial Management And Analysis (Frank J. Fabozzi Series)
ISBN: 9780471477617
2nd Edition
Authors: Frank J. Fabozzi, Pamela P. Peterson
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