Iota Microsystems 10 percent convertible is about to mature. The conversion ratio is 27. (a) What is
Question:
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?
(c) Should you convert?
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a Assume a face value of 1000 The conversi...View the full answer
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Related Book For
Principles of Corporate Finance
ISBN: 978-0072869460
7th edition
Authors: Richard A. Brealey, Stewart C. Myers
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