Question
Aztecs convertible bonds each have a face value of $1,000 and a market value of $1,041.25. Each bond can be exchanged 25 shares of stock.
Aztecs convertible bonds each have a face value of $1,000 and a market value of $1,041.25. Each bond can be exchanged 25 shares of stock. The stock is selling for 41.54 a share. The straight bond value is $1,010. What is the option value per bond?
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Stocks Bonds And Taxes A Comprehensive Handbook And Investment Guide For Everybody
Authors: Phillip B. Chute
1st Edition
1732885532, 978-1732885530
