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Your company has 50,000 convertible bonds outstanding, each with a market price of $1,159. Straight bonds with similar risk and maturity are trading at $896.
Your company has 50,000 convertible bonds outstanding, each with a market price of $1,159. Straight bonds with similar risk and maturity are trading at $896. What is the total market value of the equity portion of your companys convertible bonds?
$57.95 million | ||
$44.80 million | ||
$13.15 million | ||
$102.75 million |
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