You own a callable, convertible bond with a conversion ratio of 24.25. The stock is currently selling

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You own a callable, convertible bond with a conversion ratio of 24.25. The stock is currently selling for $48 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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Corporate Finance

ISBN: 978-0077861759

10th edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe

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Question Posted: Aug 28, 2014 10:30 AM

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You own a callable, convertible bond with a conversion ratio of 24.25. The stock is currently selling

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You can convert or tender the bond ie sur...View the full answer

Corporate Finance

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