Other options: A convertible bond is a bond that can be exchanged for stock at the discretion

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Other options: A convertible bond is a bond that can be exchanged for stock at the discretion of the bondholder. How would you go about finding the value of such a bond? Would the bond be worth more or less than an equivalent nonconvertible bond?

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Fundamentals Of Corporate Finance

ISBN: 9781119795438

5th Edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

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