Question
you own a $1,000 face value convertible microsoft bond that is currently trading at a price of $1,100. the bond has a conversion ratio of
you own a $1,000 face value convertible microsoft bond that is currently trading at a price of $1,100. the bond has a conversion ratio of 20 and microsoft stock is currently trading at $54 per share. assuming you are liquidating your position, which option would be more profitable?
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Business Analysis And Valuation Using Financial Statements
Authors: Krishna G Palepu, Paul M Healy
4th Edition
032430286X, 9780324302868
