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ICD has invested in convertible bonds in its portfolio. ICD invested in these convertible bonds exactly one year back and now has to make an
ICD has invested in convertible bonds in its portfolio. ICD invested in these convertible bonds exactly one year back and now has to make an evaluation of the investment. The bond par value is AED 1000 and yields 7% annual interest rate. The convertible bond can be converted into 10 shares of the company stock listed in Dubai Financial Market (DFM). Current stock price is AED 127.50. As the portfolio manager for fixed income securities, how would you advise the Board? Logically present your case (critical thinking)
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