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Check my work 2 The following facts apply to a convertible bond making semiannual payments: 12.5 points $ 50/share 4.2% $1,000 Skipped Conversion price Coupon
Check my work 2 The following facts apply to a convertible bond making semiannual payments: 12.5 points $ 50/share 4.2% $1,000 Skipped Conversion price Coupon rate Par value Yield on nonconvertible debentures of same quality Maturity Market price of stock 6% 30 years eBook $ 49/share References What is the minimum price at which the convertible should sell? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Minimum price
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