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Features of convertible bond (LO19-1) 6. O'Reilly Moving Company has a $1,000 par value convertible bond outstanding that can be converted into 20 shares of
Features of convertible bond (LO19-1) 6. O'Reilly Moving Company has a $1,000 par value convertible bond outstanding that can be converted into 20 shares of common stock. The common stock is currently selling for $43.10 a share, and the convertible bond is selling for $900.00. a. What is the conversion value of the bond? b. What is the conversion premium? c. What is the conversion price
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
