Question
danny brown purchased 10 convertible bonds from rangers in 2012 that mature in 2016 with a conversition ration of 26.5. Currently raingers stock is selling
danny brown purchased 10 convertible bonds from rangers in 2012 that mature in 2016 with a conversition ration of 26.5. Currently raingers stock is selling at $32 per share. Danny wants to convert 6 of his bonds. What is the conversion value of these 6 bonds?
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The Handbook Of European Fixed Income Securities
Authors: Frank J. Fabozzi, Moorad Choudhry
1st Edition
0471430390, 978-0471430391
