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In December 2 0 2 2 , Novak Corp. decided to issue 1 0 0 , 0 0 0 convertible bonds, maturing in December 2
In December Novak Corp. decided to issue convertible bonds, maturing in December The bonds have a face value of $ and promise an annual coupon payment of percent. The conversion ratio of these bonds is and it is known that Novak Corp.s common shares were trading at $ in December These bonds are rated A and straight bonds from similar companies with similar maturity yield percent. The current market price of these bonds is $ Calculate the conversion price, conversion valu SBV floor value, and conversion premium for these bonds. Round answers to decimal places, eg or
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