Citic Securities recently issued bonds with a face value of 100,000 renminbi and conversion ratio of 420.
Question:
Citic Securities recently issued bonds with a face value of 100,000 renminbi and conversion ratio of 420. If the share price at the bond issue was 124 renminbi, what was the conversion premium?
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To calculate the conversion premium we need to compare the ...View the full answer
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Somshukla Chakraborty
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ISBN: 9780077173630
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Authors: David Hillier, Stephen A. Ross, Randolph W. Westerfield, Bradford D. Jordan, Jeffrey F. Jaffe
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