Question: BTX Corp. has 5-year from maturity convertible bonds with a $1.000 face value and a 6.5% coupon and a -0.75% yield. The conversion ratio is

BTX Corp. has 5-year from maturity convertible bonds with a $1.000 face value and a 6.5% coupon and a -0.75% yield. The conversion ratio is 8 and must be converted by the end of trading in 2 days' time. The company's common equity shares are trading around $130. What is the conversion price? a 100.00 b. 125.00 c.130.00 dNot enough information is available

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