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17.8 Conversion price Calculate the conversion price for each of the following conversion bounds; a) A $1,000-par-value bound that is convertible into 20 shares of
17.8 Conversion price Calculate the conversion price for each of the following conversion bounds;
a) A $1,000-par-value bound that is convertible into 20 shares of common stock.
b) A $500-par-value bond that is convertible into 25 shares of common stock.
c) A $1,000-par-value bond that is convertible into 50 shares of common stock.
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