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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: mantparn 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 $15. A straight bond could have been sold with a 10 percent stated interest rate. The market value of the bond is ________.
A) $750 B) $772 at the minimum C) $1,250 at the minimum D) $1,000 Title: Re: A firm has an outstanding 15-year convertible bond issue with a $1,000 par value and a stated ... Post by: Ulain on Mar 7, 2017 Content hidden
Title: Re: A firm has an outstanding 15-year convertible bond issue with a $1,000 par value and a stated annual ... Post by: mantparn on Apr 29, 2017 Whoa I needed this :D
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