Question
A company issues convertible bonds with a coupon rate of 5%. The par value is $1700, and the bonds mature in 10years. The current stock
A company issues convertible bonds with a coupon rate of 5%. The par value is $1700, and the bonds mature in 10years. The current stock price of the company is $68, and the conversion price is $62. The yield if a straight-debt is 13%
Please calculate the bond's conversion ration
A. 25.631
B. 26.442
C. 27.419
D. 28.722
E. 29.032
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Financial Shenanigans How To Detect Accounting Gimmicks And Fraud In Financial Reports
Authors: Howard M. Schilit, Jeremy Perler, Yoni Engelhart
4th Edition
126011726X, 9781260117264
