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Posted on May 19, 2024

Skylar, the CEO of a publicly traded accounting firm, has recently issued convertible debentures. The debentures have the following characteristics: -Par value of $1,000 -Callable

Skylar, the CEO of a publicly traded accounting firm, has recently issued convertible debentures. The debentures have the following characteristics:

-Par value of $1,000

-Callable at 108% of par

-Convertible at a price of $40/share (common stock is currently trading at $55/share)

What should Skylar's company do?

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