Question
Jacques has a convertible bond with a par value of $1,000 that is trading in the market for $925. The bond is convertible into 50
Jacques has a convertible bond with a par value of $1,000 that is trading in the market for $925. The bond is convertible into 50 shares of XYZ stock. The current market price of XYZ stock is 17.50 per share. What is the bonds conversion premium?
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Essential Finance Guide
Authors: DK Publishing
1st Edition
078948157X, 978-0789481573
