Question
Hello guys, could please help me to solve the questions below? 1) If a $1,000 convertible bond has a conversion ratio of 50 and the
Hello guys, could please help me to solve the questions below?
1) If a $1,000 convertible bond has a conversion ratio of 50 and the firm's equity is currently selling for $22 per share, then the:
a) Bond should trade for at least $900
b) Bond should trade for at least $1,100
c) Firm will have already converted the bond
d) Bond should trade for at least $1,000
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Public Finance
Authors: Harvey Rosen, Ted Gayer
10th edition
9781259716874, 78021685, 1259716872, 978-0078021688
