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mrive3127 mrive3127
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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:
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NashuaNashua
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#1
Posts: 380
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4 years ago
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mrive3127 Author
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4 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
kh540941
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Yesterday
Thanks
7.prime7105
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2 hours ago
Thanks for your help!!
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