Question
Characteristics of the bond are below: Par Value $1,000 Annual Coupon Rate 7.2% Conversion Ratio 25 Market Price 105% of par Straight Value 99% of
Characteristics of the bond are below:
Par Value $1,000
Annual Coupon Rate 7.2%
Conversion Ratio 25
Market Price 105% of par
Straight Value 99% of page
Underlying Stock Characteristics
Current Market Price $32/share
Compute the bonds conversion value and conversion price. Please show calculations!
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Emerging Markets And The Global Economy A Handbook
Authors: Mohammed El Hedi Arouri, Sabri Boubaker, Duc Khuong Nguyen
1st Edition
0124115497, 978-0124115491
