1 connelly inc has 9 conveible bonds that were issued at, Ask an Expert

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1. Connelly, Inc. has 9% conveible bonds that were issued at par, but are now worth $1,100. The bonds can be converted into 30 shares of common stock. The company's common stock currently sells for $37.50. What is the conversion price? Round to the nearest whole dollar.

2. Santol, Inc. has convertible bonds. Use the following data to determine their conversion ratio. Maturity 20 years, stock price $20, Par value $1,000, conversion price $25, Annual coupon 9%, stright debt yield 12%

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Financial Management, Finance

Category:- Financial Management
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