Question
The holders of Xenron Corporation's bond with a face value of $1,000 can exchange that bond for 35 shares of stock. The stock is selling
The holders of Xenron Corporation's bond with a face value of $1,000 can exchange that bond for 35 shares of stock. The stock is selling for $22.00.
What is the conversion premium?
None of the others.
106.61%
0.00%
29.86%
59.01%
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Public Finance
Authors: Harvey S. Rosen
3rd Edition
0256083762, 978-0256083767
