A convertible bond has a $1,000 face value and a conversion ratio of 36. If the stock
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A convertible bond has a $1,000 face value and a conversion ratio of 36. If the stock price is $42, what is the conversion value?
Face ValueFace value is a financial term used to describe the nominal or dollar value of a security, as stated by its issuer. For stocks, the face value is the original cost of the stock, as listed on the certificate. For bonds, it is the amount paid to the...
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Related Book For 
Fundamentals of Investments, Valuation and Management
ISBN: 978-1259720697
8th edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
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