A $1,000 par convertible debenture has a conversion price for common stock of $18 per share. With

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A $1,000 par convertible debenture has a conversion price for common stock of $18 per share. With the common stock selling at $25, what is the conversion value of the bond?

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Fundamentals Of Corporate Finance

ISBN: 9781265553609

13th Edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Question Posted: Aug 24, 2021 07:16 AM

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A $1,000 par convertible debenture has a conversion price for common stock of $18 per share. With

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First of all we need to find the conversion ratio of Bond ...View the full answer

Fundamentals Of Corporate Finance

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