Question
The bonds of Generic Labs Inc. have a conversion premium of $80. Their conversion price is $20. The common stock price is $16.00. What is
The bonds of Generic Labs Inc. have a conversion premium of $80. Their conversion price is $20. The common stock price is $16.00.
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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International Financial Management
Authors: Jeff Madura, Roland Fox
5th Edition
1473770505, 978-1473770508
