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What is the conversion value for this convertible bond at the beginning of the day, 18 March 2020? Show work Use the following information on
What is the conversion value for this convertible bond at the beginning of the day, 18 March 2020? Show work
Use the following information on a convertible bond issue from for Problems 6 - 12. Issuer: Tesla, Inc. Issue Date: 15 March 2017 Maturity Date: 15 March 2022 Interest: 2.375% payable semi-annually Issue Size: $977,500,000 Issue Price: $1,000 Conversion Ratio: 3.0534 Convertible Bond Price on beginning of day, 18 March 2020: 148.62 (% of par) Share Price on 18 March 2020, market open: 389.00 Share Price on 18 March 2020, market close: 359.01 Use the following information on a convertible bond issue from for Problems 6 - 12. Issuer: Tesla, Inc. Issue Date: 15 March 2017 Maturity Date: 15 March 2022 Interest: 2.375% payable semi-annually Issue Size: $977,500,000 Issue Price: $1,000 Conversion Ratio: 3.0534 Convertible Bond Price on beginning of day, 18 March 2020: 148.62 (% of par) Share Price on 18 March 2020, market open: 389.00 Share Price on 18 March 2020, market close: 359.01Step by Step Solution
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