Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Other Fields Homework Help Business Finance
New Topic  
mrive3127 mrive3127
wrote...
Go to Answer
Posts: 509
Rep: 8 0
4 years ago
A bond with a face value of $1000 is convertible to common stock at a conversion ratio of 60. If the stock is currently trading at $8.20 per share, the value of the bond is probably closest in value to which of the following?

▸ about $1000

▸ above $1666

▸ less than $492

▸ about $492
Textbook 
Fundamentals of Corporate Finance

Fundamentals of Corporate Finance


Edition: 2nd
Authors:
Read 147 times
1 Reply
Replies
Answer verified by a subject expert
NashuaNashua
wrote...
#1
Posts: 380
Rep: 47 1
4 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

mrive3127 Author
wrote...

4 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
nadiia
wrote...

Yesterday
Correct Slight Smile TY
patod1
wrote...

2 hours ago
You make an excellent tutor!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1184 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 113
  
 396
  
 811