Question
1. You have purchased a convertible bond for $1,093.76. It is convertible into 58 shares of the firms common stock. The current stock price is
1.
You have purchased a convertible bond for $1,093.76. It is convertible into 58 shares of the firms common stock. The current stock price is $15.60 per share.
a. What is the market conversion value of the bond?
b. What is the conversion premium?
c. Will you choose to convert the stock now?
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The Palgrave Handbook Of Government Budget Forecasting
Authors: Daniel Williams, Thad Calabrese
1st Edition
3030181944, 978-3030181949
