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A $1,000 convertible debenture has a conversion price of $42 per share. Coupons are paid semiannually at 5.4% per year. Par value id $1000. Yield
A $1,000 convertible debenture has a conversion price of $42 per share. Coupons are paid semiannually at 5.4% per year. Par value id $1000. Yield on nonconvertial debetures of same quality is 6%. Market price of related stock $41 per share. What is the conversion value of this debenture? At what price the convertible debenture should sell
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Future Storm
Authors: Robin Griffiths ,William Houston
1st Edition
1906659478, 978-1906659479
