Question
ABC can issue a 15 yr convertible bond with a Fv of $1000. The conversion price of $80, the coupon rate of 7% paid annually.
ABC can issue a 15 yr convertible bond with a Fv of $1000. The conversion price of $80, the coupon rate of 7% paid annually. The stock price is 50
a) what is the present value of convertible bonds cashflow?
How do we find PV manually on a calculator ? Can you please show the steps on how to solve for Pv without a financial calculator or excel.
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
7th Edition
0072866578, 9780072866575
