Suppose Volkswagen AG has issued a convertible bond, which has a conversion ratio of 15 and a

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Suppose Volkswagen AG has issued a convertible bond, which has a conversion ratio
of 15 and a conversion premium of 10%. The current market price of Volkswagen AG stock is €163. What is the bond’s conversion equivalent?

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Fundamentals Of Investing

ISBN: 9780135175217

14th Edition

Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk

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Question Posted: Sep 01, 2022 04:01 AM

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Suppose Volkswagen AG has issued a convertible bond, which has a conversion ratio of 15 and a

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Fundamentals Of Investing

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