The following data applies to Saunders Corporation's convertible bond. Maturity: 10 Stock price: $30.00 Par value: $1,000.00
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Question:
The following data applies to Saunders Corporation's convertible bond.
Maturity: 10
Stock price: $30.00
Par value: $1,000.00
Conversion price: $35.00
Annual coupon: 5.00%
Straight-debt yield: 8.00%
What is the bond's conversion value?
Posted Date: