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A 3% coupon, $1,000 face amount, 5-year bond is convertible into 25 shares of company stock. The current stock price is $30. At maturity, the
- A 3% coupon, $1,000 face amount, 5-year bond is convertible into 25 shares of company stock. The current stock price is $30. At maturity, the stock price is $50. Assuming the bond is bought at issuance for $1,000, i.e. par, and interest is paid semi-annually, the total annual return for the investor will be:
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External Audit Auditing Business Functions And Assets
Authors: Bart Rohman
1st Edition
B0B5NR6TB6, 979-8839201767
