Question
Annual coupon of a convertible bond is $50, the dividend per underlying share is $1, and the conversion ratio is 40. What is the premium
Annual coupon of a convertible bond is $50, the dividend per underlying share is $1, and the conversion ratio is 40. What is the premium payback period if the market conversion premium (per share) is $1?
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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart
6th Edition
125991965X, 978-1259919657
