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The following data apply to Saunders Corporation's convertible bonds. Maturity 10 Stock price $30.00 Par value $1,000 Conversion price $50.00 Annual coupon 7.00% Straight-debt yield
The following data apply to Saunders Corporation's convertible bonds. Maturity 10 Stock price $30.00 Par value $1,000 Conversion price $50.00 Annual coupon 7.00% Straight-debt yield 8.00% What is the bond's conversion ratio? 1. 23.71 2. 20.00 3. 35.14 4. 33.71 5. 33.14
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Handbook Of Project Finance For Water And Wastewater Systems
Authors: Michael Curley
1st Edition
0873714865, 978-0873714860
