Assume that a convertible bond issued in South Korea has a par value of 1,000,000 and is
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Assume that a convertible bond issued in South Korea has a par value of 1,000,000 and is currently priced at 1,100,000. The underlying share price is 40,000, and the conversion ratio is 25:1. The conversion condition for this bond is:
A. Parity.
B. Above parity.
C. Below parity.
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C is correct The conversion value of the bond ...View the full answer
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