Assume you just paid 1294 for a convertible bond that, Ask an Expert

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Assume you just paid 1,294 for a convertible bond that carries a 6.88?% coupon and has 15 years to maturity. The bond can be converted into 24 shares of? stock, which are now trading at? $50 a share. Find the bond investment value of this ?issue, given that comparable nonconvertible bonds are currently selling to yield 9.16?%.

The bond investment value of this issue is ?$

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92835681

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