Question: (5) Assume that EduSoft intends to force conversion by calling the bond as soon as possible after its conversion value exceeds 20% above its par

(5) Assume that EduSoft intends to force conversion by calling the bond as soon as possible after its conversion value exceeds 20% above its par value, or 1.2($1,000) = $1,200. When is the issue expected to be called? (Hint: Recall that the call must be made on an anniversary date of the issue.)pg.12

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