Question
Assume that Almond Milk Company has a $1,000 face value bond with a stated coupon rate of 8.01 percent that is convertible into its common
Assume that Almond Milk Company has a $1,000 face value bond with a stated coupon rate of 8.01 percent that is convertible into its common stock at $35.13. The bond is selling at $1,066.89 in the market. The common stock is selling for $33.73 and pays a dividend of 0.81 per share. Calculate the payback premium period.
Please calculate the final answer to two decimal places.
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Finance Of International Trade
Authors: Eric Bishop
1st Edition
0750659084, 978-0750659086
