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2. A 8.25%, 15-year convertible bond has a conversion rate of 38. Currently, the stock is at $26. Calculate the price of the bond if
2. A 8.25%, 15-year convertible bond has a conversion rate of 38. Currently, the stock is at $26. Calculate the price of the bond if it is trading at a 12 percent conversion premium.
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Health Care Finance Basic Tools For Nonfinancial Managers
Authors: Judith J. Baker, R.W. Baker
3rd Edition
076377894X, 978-0763778941
