You own a convertible bond that has a 6 yield 45 coupon, Ask an Expert

Finance

You own a convertible bond that has a 6% yield, 4.5% coupon rate, pays semiannually, and has 3 years to maturity. The conversion rate is 8. The current stock price is 127.3. Calculate your gain or loss if you decide to convert. Please answer step by step.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91608985

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