Question
Caribbean Transport Ltd. issued a convertible bond with a par value of $10,000. The bond has a conversion ratio of 560. If the firm's common
Caribbean Transport Ltd. issued a convertible bond with a par value of $10,000. The bond has a conversion ratio of 560. If the firm's common stock is currently trading at $16.30 per share, what is the conversion price? a. $6.13 b. $16.30 c. $17.86 d. $56.00
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Finance And Strategy Inside China
Authors: Check-Teck Foo
1st Edition
9811328404,9811328412
