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given the following info for a convertible bond: coupon rate=8% exercise price= $30 maturity date= 20 years call price=$2,080 a. if comparable nonconvertible debt offered
given the following info for a convertible bond:
coupon rate=8%
exercise price= $30
maturity date= 20 years
call price=$2,080
a. if comparable nonconvertible debt offered an annual yield of 10% ehat would be the value of this bond
b. if the stock were selling for $39 what is the value of the bond in terms of stock
c. what is the current minimum price thar a bond will command
d. is there any reason to anticipate that the firm will call the bond
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