7. You buy a convertible bond for $1000 and it has a conversion ratio of 50. Six...

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7. You buy a convertible bond for $1000 and it has a conversion ratio of 50. Six years later, the stock of the firm is selling for $35 per share. If you were to convert your bond into stock and sell those shares in the stock market for $35 per share, what would be your profit on your investment in convertible bonds?

Posted Date: May 15, 2024 01:49 PM

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7. You buy a convertible bond for $1000 and it has a conversion ratio of 50. Six...

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To calculate the profit on your investment in convertible bonds we need to d... View the full answer

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