Eckely, Inc., recently issued bonds with a conversion ratio of 13.8. If the stock price at the
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Eckely, Inc., recently issued bonds with a conversion ratio of 13.8. If the stock price at the time of the bond issue was $49.12, what was the conversion premium?
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First we need to find the conversion price which is the par value di...View the full answer
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Related Book For
Corporate Finance
ISBN: 978-1259918940
12th edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
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