You own a callable, convertible bond with a conversion ratio of 500. The equity is currently selling
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You own a callable, convertible bond with a conversion ratio of 500.
The equity is currently selling for £22 per share. The issuer of the bond has announced a call at a call price of 105 on a face value of £100. What are your options here? What should you do?
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Related Book For
Corporate Finance
ISBN: 9780077173630
3rd Edition
Authors: David Hillier, Stephen A. Ross, Randolph W. Westerfield, Bradford D. Jordan, Jeffrey F. Jaffe
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