Question
A convertible bond is valued at $1,062, has a conversion ratio of 25, and an option premium of $3. What is the conversion value if
A convertible bond is valued at $1,062, has a conversion ratio of 25, and an option premium of $3. What is the conversion value if the straight bond value is equal to the bond's par value?
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Financial Management For Nurse Managers And Executives
Authors: Cheryl Jones, Steven A. Finkler, Christine T. Kovner, Jason Mose
5th Edition
0323415164, 9780323415163
