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Title: Nowell Co. issued $1,000 par value bonds with a 4.5% coupon rate, convertible into 30 shares of ... Post by: johnboycs on Mar 21, 2022 Nowell Co. issued $1,000 par value bonds with a 4.5% coupon rate, convertible into 30 shares of Nowell common stock. When the bonds were issued the stock traded at $25 per share. The stock is now at $23 per share and pays a $0.10 per share annual dividend. The bonds are now trading at $992. In the near future
▸ the bondholders will voluntarily convert their bonds to stock. ▸ the issuing company will call the bonds and the bondholders will redeem them for the call price (par). ▸ the issuing company will call the bonds and bondholders will convert them to common shares. ▸ the issuing company will not call the bonds and the bondholders will not convert them. Title: Nowell Co. issued $1,000 par value bonds with a 4.5% coupon rate, convertible into 30 shares of ... Post by: Cow5215 on Mar 21, 2022 Content hidden
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