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A $1,000 convertible bond in Burda corporation can be exchanged for 50 common shares. If the shares are trading at $22.00 what is the conversion

A $1,000 convertible bond in Burda corporation can be exchanged for 50 common shares. If the shares are trading at $22.00 what is the conversion value of the bond?

The $1.000 convertible bonds in Burda corporation have 10 years to maturity. The bonds make semi annual coupon payments at a rate of j2 = 4% and yield j2=7%. Price this as a bond.

What is the minimum value of the burda bonds described in the previous two questions?

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