A $1000 face value bond has a conversion ratio of 48. You estimate the transaction costs of

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A $1000 face value bond has a conversion ratio of 48. You estimate the transaction costs of conversion to be 2.7% of the face value of the bond. What price must the stock reach in order for you to convert?

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Fundamentals Of Corporate Finance

ISBN: 9781292437156

5th Global Edition

Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford

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Question Posted: Feb 21, 2024 10:00 AM

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A $1000 face value bond has a conversion ratio of 48. You estimate the transaction costs of

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Fundamentals Of Corporate Finance

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