You have purchased a convertible bond for 110688 it is, Ask an Expert

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You have purchased a convertible bond for $1,106.88. It is convertible into 42 shares of the firm’s common stock. The current stock price is $16.80 per share.

a. What is the market conversion value of the bond? (Round your answer to 2 decimal places.)

Market conversion value $

b. What is the conversion premium? (Round your answer to 2 decimal places.)

Conversion premium $

c. Will you choose to convert the stock now?

Yes No

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92694611

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