Question
A $1000 par value bond has a conversion ratio of 10, and is sold for $800. A). Explain what this means. B). What is (calculate)
A $1000 par value bond has a conversion ratio of 10, and is sold for $800.
A). Explain what this means.
B). What is (calculate) the conversion price of the stock of the company in this case?
C). Explain the impacts on the stock and bonds of this company as a result of conversion.
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International Trade Finance
Authors: Tarsem Bhogal, Arun Trivedi
2nd Edition
303024542X, 9783030245429
