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A certain convertible bond has a conversion ratio of 45 and a conversion premium of 14 %. The current market price of the underlying common
A certain convertible bond has a conversion ratio of
45
and a conversion premium of
14
%.
The current market price of the underlying common stock is
$31
.
What is the bond's conversion equivalent?
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Financial Management Theory And Practice
Authors: Prasanna Chandra
9th Edition
9339222571, 978-9339222574
