Question
A convertible bond is currently selling for $689. It is convertible into 13 shares of common stock that presently sell for $48 per share. The
A convertible bond is currently selling for $689. It is convertible into 13 shares of common stock that presently sell for $48 per share. The conversion premium is
A.) 61 Shares
B.) $65
C.) 13 Shares
D.) $48
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Public Finance
Authors: Steven G. Medema, Carl Sumner Shoup
1st Edition
0202307859, 978-0202307855
