Question
A bond is convertible into 25 shares of common stock. If the bond trades at 90, what is the parity price of the stock?
A bond is convertible into 25 shares of common stock. If the bond trades at 90, what is the parity price of the stock? A. $36 B. $40 C. $80 D. $90
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Introduction To Derivatives And Risk Management
Authors: Don M. Chance, Robert Brooks
10th Edition
130510496X, 978-1305104969
