Question
Whiston Securities recently issued convertible bonds with a $1,764 par value. The bonds have a conversion price of $28 per share. What is the bonds'
Whiston Securities recently issued convertible bonds with a $1,764 par value. The bonds have a conversion price of $28 per share. What is the bonds' conversion ratio, CR? Round your answer to the nearest whole number.
shares
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Analysis for Financial Management
Authors: Robert Higgins
11th edition
77861787, 978-0077861780
