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A convertible bond has a zero-coupon rate and a 10-year life. Bonds in the same risk class are sold to yield 7%. This bond is
- A convertible bond has a zero-coupon rate and a 10-year life. Bonds in the same risk class are sold to yield 7%. This bond is convertible to 50 shares of stock and the current stock price is 16.
What is the price of the bond?
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Crowdfunding Personal Expenses
Authors: Salvador Briggman
1st Edition
1533254338, 978-1533254337
