Question: A corporation has issued 1 0 % , $ 1 . 0 0 0 par convertible debentures, convertible at $ 1 0 0 . The

A corporation has issued 10%,$1.000 par convertible debentures, convertible at $100. The common stock is currently trading at $90. If the bond and the common are trading of parity, a customer purchasing 5 M of the bonds will pay:
A $4,500
B $5.000
$5.225
$5.500
A corporation has issued 1 0 % , $ 1 . 0 0 0 par

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