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You are the CFO of RealNetworks on July 1, 2008. The company's stock price is $9.77 and its convertible debt is now callable. See the
You are the CFO of RealNetworks on July 1, 2008. The company's stock price is $9.77 and its convertible debt is now callable. See the table below Convertible Subordinated Notes Issued under U.S. SEC Rule 144A Aggregate principal amount Proceeds net of offering costs Coupon Conversion ratio Call date Call price Maturity $100 million $97.0 million 0% 107.7743 shares per $1,000 principal amount July 1, 2008 100% July 1, 2010 a. What is the value of the shares the bondholders would receive per $1.000 bond if thev convert? a. What is the value of the shares the bondholders would receive per $1,000 bond if they convert? The value the bondholders would receive is $. (Round to the nearest cent.)
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