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Title: A firm has an outstanding 15-year convertible bond issue with a $1,000 par value and a stated annual ... Post by: pompa on Mar 7, 2017 A firm has an outstanding 15-year convertible bond issue with a $1,000 par value and a stated annual interest rate of 7 percent. The bond is convertible into 50 shares of common stock which has a current market price of $25. A straight bond could have been sold with a 10 percent stated interest rate. The straight value of the bond is ________.
A) $1,328 B) $1,217 C) $972 D) $772 Title: Re: A firm has an outstanding 15-year convertible bond issue with a $1,000 par value and a stated ... Post by: donnaban on Mar 7, 2017 Content hidden
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