Question
QUESTION 51 Chase buys a convertible bond with a conversion ratio of 25. If the conversion value is presently $806.25, what is the value of
QUESTION 51
Chase buys a convertible bond with a conversion ratio of 25. If the conversion value is presently $806.25, what is the value of the stock?
a. $30.25.
b. $32.25.
c. $25.00.
d. $806.25.
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Fundamentals Of Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
13th Edition
1265553602, 978-1265553609
