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UBS Corporation has 7% coupon convertible bonds outstanding that are due in five years. The bonds have a face value of $1,000 (due at maturity)
UBS Corporation has 7% coupon convertible bonds outstanding that are due in five years. The bonds have a face value of $1,000 (due at maturity) and a conversion ratio of 30 shares. The yield-to-maturity for other nonconvertible UBS bonds is 9%. UBSs convertible bonds are trading at $980 and its stock is trading at $32
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Winning The Losers Game Timeless Strategies For Successful Investing
Authors: Charles D. Ellis
5th Edition
0071545492,0071545506
