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Question 10 A company issued foreign currency convertible 10% bond with par value of $1,000 and maturity period of 3 years. Calculate the price of
Question 10 A company issued foreign currency convertible 10% bond with par value of $1,000 and maturity period of 3 years. Calculate the price of the bond if the market interest rates are 12%, 13%, and 8%. Choose an answer A: The value of bond for each interest rates are 12% : $728.84; 13% : $3,040.40; 8% : $821.44. B: The value of bond for each interest rates are 12% : $951.96; 13% : $929.17; 8% : $1,051.54 C: The value of bond for each interest rates are 12% : $1,100.00; 13% : $1,679.01; 8% : $96.63. D: The value of bond for each interest rates are 12% : $1,921.47; 13% : $3,122.38; 8% : $769.23
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