Question
9. The price of a convertible bond is $980.98 and the current stock price of the company is $37.50 per share. What is the market
9.
The price of a convertible bond is $980.98 and the current stock price of the company is $37.50 per share. What is the market conversion value if the conversion ratio is 30?
A. $1,024
B. $1,125
C. $1,235
D. $1,298
E. None of the above/below
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Introduction To Derivatives And Risk Management
Authors: Robert Brooks, Don M Chance
9th Edition
1133190197, 978-1133190196
