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Title: A firm currently has outstanding a 5 percent, $1,000 convertible bond. The bond is convertible into ... Post by: pompa on Mar 7, 2017 A firm currently has outstanding a 5 percent, $1,000 convertible bond. The bond is convertible into 25 shares of common stock and callable at $1,050. The current market price of the firm's stock is $41 per share. The bond holder will ________.
A) allow the call to be exercised B) convert the bond into stock C) sell the bond on the secondary market D) do nothing and wait until the stock price goes up further Title: Re: A firm currently has outstanding a 5 percent, $1,000 convertible bond. The bond is convertible ... Post by: Ulain on Mar 7, 2017 Content hidden
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