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westleafs westleafs
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6 months ago
A 10% semiannual coupon convertible bond has 10 years to maturity. Market rates on similar non-convertible bonds are 8.5%. Each bond is convertible into 40 common shares. The shares are currently trading at $30. What is the floor value of the bond?

▸ $1,200

▸ $1,100

▸ $1,000

▸ $2,000
Textbook 
Corporate Finance

Corporate Finance


Edition: 5th
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Kmc14Kmc14
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6 months ago
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