Iota Microsystems 10 percent convertible is about to mature. The conversion ratio is 27. (a) What is

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Iota Microsystems’ 10 percent convertible is about to mature. The conversion ratio is 27.

(a) What is the conversion price?

(b) The stock price is $47. What is the conversion value?

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Principles of Corporate Finance

ISBN: 978-0072869460

7th edition

Authors: Richard A. Brealey, Stewart C. Myers

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Question Posted: Jun 09, 2011 05:31 AM

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Iota Microsystems 10 percent convertible is about to mature. The conversion ratio is 27. (a) What is

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a Assume a face value of 1000 The conversi...View the full answer

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