You own a callable, convertible bond with a conversion ratio of 23.17 and a par value of
Question:
You own a callable, convertible bond with a conversion ratio of 23.17 and a par value of $1,000. The stock is currently selling for $54 per share. The issuer of the bond has announced a call at a call price of 110. What are your options here? What should you do?
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As the owner of a callable convertible bond you have several options to consider based on the given ...View the full answer
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Related Book For 
Corporate Finance
ISBN: 9781265533199
13th International Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
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