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2 weeks ago
In which of the following situations does the value of a convertible bond exceed the value of straight debt or equity by the greatest amount?

▸ when the price of the stock is close to the conversion price

▸ when the price of the stock is low

▸ when the price of the stock much lower than the conversion price

▸ when the price of the stock is high
Textbook 
Fundamentals of Corporate Finance
Edition: 2nd
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2 weeks ago
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when the price of the stock is close to the conversion price
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