Convertible Bonds You own a callable, convertible bond with a conversion ratio of 35. The stock is

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Convertible Bonds You own a callable, convertible bond with a conversion ratio of 35. The stock is currently selling for $40 per share. The issuer of the bond has announced a call at a call price of 110. What are your options here? What should you do?

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Corporate Finance

ISBN: 9780073105901

8th Edition

Authors: Jeffrey Jaffe, Bradford D Jordan

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