Question
You own a convertible bond of which has a coupon rate of 5%, a yield of 6%, and pays semiannually. It is 4 years from
You own a convertible bond of which has a coupon rate of 5%, a yield of 6%, and pays semiannually. It is 4 years from maturity and the conversion ratio is 15. What is the minimum stock price for you to convert?
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Personal Finance
Authors: Jeff Madura, Hardeep Singh Gill
3rd Canadian Edition
978-0133035575, 133035573, 978-0133970524, 133970523, 978-0134040042
