Suppose Volkswagen AG has issued a convertible bond, which has a conversion ratio of 15 and a
Question:
Suppose Volkswagen AG has issued a convertible bond, which has a conversion ratio
of 15 and a conversion premium of 10%. The current market price of Volkswagen AG stock is €163. What is the bond’s conversion equivalent?
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Labindao Antoque
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Fundamentals Of Investing
ISBN: 9780135175217
14th Edition
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
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