Reading Railroads common stock is currently priced at $30 and its 8% convertible debentures (issued at par

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Reading Railroads common stock is currently priced at $30 and its 8% convertible debentures (issued at par or $1,000) are priced at $850. Each debenture can be converted into 25 shares of common stock at any time before 2005. What is the conversion price, CP and the conversion value of the bond?

Posted Date: Jun 06, 2024 03:07 PM

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Reading Railroads common stock is currently priced at $30 and its 8% convertible debentures (issued at par

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