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johnboycs johnboycs
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2 years ago
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.
Textbook 
Fundamentals of Investing

Fundamentals of Investing


Edition: 14th
Authors:
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Cow5215Cow5215
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2 years ago
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johnboycs Author
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2 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
Marctheshark
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Yesterday
You make an excellent tutor!
TheMoffattMan
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2 hours ago
this is exactly what I needed
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