Question
Company A issues a convertible bond with a 3.5% coupon rate and a $1,000 face value with a conversion ratio of 25. (Meaning it can
Company A issues a convertible bond with a 3.5% coupon rate and a $1,000 face value with a conversion ratio of 25. (Meaning it can be converted into 25 shares of stock) The companys stock is currently selling for $26 per share
A. At what price point does converting the bond become attractive to an investor?
B. Will they convert as soon as the share price reaches this level? Explain?
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The Short Term Rental Success Guide From Host To Hospitality Expert
Authors: Alexandra Hartwell
1st Edition
979-8860876309
