Question
The Circle Corporation has issued a convertible bond that has a price in the market of $ 1,250 with an 8 % coupon rate paid
The Circle Corporation has issued a convertible bond that has a price in the market of $ 1,250 with an 8 % coupon rate paid semi annually . The bond can be converted into 25 common shares at the discretion of the bondholder . If the Circle's common stock is currently trading at $32 what is the Conversion premium ?Select one : a. $ 800 b. $ 600 $ c. 40 d . $ 450 Answer as soon as possible please!!!!
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Survey of Accounting
Authors: Edmonds, old, Mcnair, Tsay
2nd edition
9780077392659, 978-0-07-73417, 77392655, 0-07-734177-5, 73379557, 978-0073379555
