A convertible bond has a conversion rate of 2 5 shares of stock per $1000 face value bond Today, the stock currently trades at $385 per share Also, the convertible bond is trading at 97 5 percent of the face value Is it worthwhile for a bondholder of this convertible bond to convert it to the stoc...

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A convertible bond has a conversion rate of 2.5 shares of stock per $1000 face value...

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Fundamentals of Investments Valuation and Management

ISBN: 978-0077283292

5th edition

Authors: Bradford D. Jordan, Thomas W. Miller

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Posted Date: Mar 25, 2024 06:11 AM

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A convertible bond has a conversion rate of 2.5 shares of stock per $1000 face value...

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Fundamentals of Investments Valuation and Management

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