Sun Corporation has a convertible bond with face value of $1,000, coupon rate of 6%, and with
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Sun Corporation has a convertible bond with face value of $1,000, coupon rate of 6%, and with annual payments for 5 years. The bond can be converted into 25 shares of common equity (currently trading at $45 per share).What will be the best option for the investor-to convert the bonds or to sell them? The market rate is 7%.
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Related Book For
Financial Markets And Institutions
ISBN: 9781292215006
9th Global Edition
Authors: Stanley Eakins Frederic Mishkin
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