Question
a bond with a face value of $1000 is convertible to common stock at a conversion ratio of 60. If the stock is currently trading
a bond with a face value of $1000 is convertible to common stock at a conversion ratio of 60. If the stock is currently trading at $8 per share, the value of the bond is probably closest in value to which of the following?
above 1667
about 498
less than 498
about 1000
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Create Wealth How You Can Ditch The 9 5 Job With Multifamily Investing
Authors: Pam Scamardo
1st Edition
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