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You own a convertible bond of which has a coupon rate of 5%, a yield of 6%, and pays annually.It is 4 years from maturity
You own a convertible bond of which has a coupon rate of 5%, a yield of 6%, and pays annually.It is 4 years from maturity and the conversion rate is 20.24.What is the minimum stock price for you to convert?
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The minimum stock price for you to convert the bond happens at the breakeven point where the annual ...Get Instant Access with AI-Powered Solutions
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