Question
The bonds of Generic Labs Inc. have a conversion premium of $70. Their conversion price is $20. The common stock price is $18.50. What is
The bonds of Generic Labs Inc. have a conversion premium of $70. Their conversion price is $20. The common stock price is $18.50. What is the price of the convertible bond? (Do not round intermediate calculations and round your answer to 2 decimal places.)
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Finance
Authors: Ehsan Nikbakht, A A Groppelli
6th Edition
0764147595, 9780764147593
