Question
XYZ Corporate convertible bonds have a 5% coupon rate, $1,000 face value, 20 years to maturity, 7% yield-to-maturity, and conversion (into common stock) ratio of
XYZ Corporate convertible bonds have a 5% coupon rate, $1,000 face value, 20 years to maturity, 7% yield-to-maturity, and conversion (into common stock) ratio of 8. Interest payments are made annually. The price per share of the company's common stock is $160. It's conversion value is
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Fixed Income Securities Tools For Todays Markets
Authors: Bruce Tuckman, Angel Serrat
3rd Edition
0470891696, 978-0470891698
