Question
A convertible bond has the following features: Principal $1,000 Maturity date 20 years Interest $80 (8% coupon) Call price $1,050 Exercise price $65 a share
A convertible bond has the following features:
Principal $1,000
Maturity date 20 years
Interest $80 (8% coupon)
Call price $1,050
Exercise price $65 a share
The bond may be converted into how many shares?
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Fundamentals Of Financial Management
Authors: James Van Horne, John Wachowicz
13th Revised Edition
978-0273713630, 273713639
