Question
A holder of Rainbow Funds convertible bonds with a $1000 par and a $1100 price can convert the bond to 25 shares of common stock.
A holder of Rainbow Funds convertible bonds with a $1000 par and a $1100 price can convert the bond to 25 shares of common stock. The stock is currently priced at $36 per share. By what percent does the stock price have to rise to make conversion attractive?
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Quantum Economics And Finance
Authors: David Orrell
3rd Edition
1916081630, 978-1916081635
