8. M&E, Inc., has an outstanding convertible bond. The bond can be converted into 20 shares of...
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8. M&E, Inc., has an outstanding convertible bond.
The bond can be converted into 20 shares of corn.
(non equity (currently trading at S52/share). The bond has five years Of IVInaining maturity. a S 1000 par value, and a annual straight debt is currently trading to yield What is the minimum price of the bond?
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Related Book For 
Financial Markets and Institutions
ISBN: 978-0321280299
5th edition
Authors: Frederic S. Mishkin, Stanley G. Eakins
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