Question
A $1,000 par convertible debenture has a conversion price for common stock of $45 per share. With the common stock selling at $54, what is
A $1,000 par convertible debenture has a conversion price for common stock of $45 per share. With the common stock selling at $54, what is the conversion value of the bond?
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Survey Of Economics, Principles, Applications, And Tools
Authors: Arthur O'Sullivan, Steven M. Sheffrin, Stephen J. Perez
5th Edition
0132556073, 978-0132556071
