Question
The bonds of Stein Co. have a conversion premium of $32. Their conversion price is $20. The common stock price is $18.00. The bond maturity
The bonds of Stein Co. have a conversion premium of $32. Their conversion price is $20. The common stock price is $18.00. The bond maturity value is $1,000.
What is the price of the convertible bonds?
Convertible bond price$
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Public Finance and Public Policy
Authors: Jonathan Gruber
5th edition
1464143331, 978-1464143335
