Cheung Zap Inc just issued 17 year convertible bonds at a par value of $1,000 At any time before maturity, investors have the option to exchange their bonds for shares of Cheung's common stock at a conversion price of $51 84 Cheung's convertible bonds pay a 6 48 annual coupon, but if Cheung had is...

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Cheung Zap Inc. just issued 17-year convertible bonds at a par value of $1,000. At any...

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Essentials of Managerial Finance

ISBN: 978-0324422702

14th edition

Authors: Scott Besley, Eugene F. Brigham

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Cheung Zap Inc. just issued 17-year convertible bonds at a par value of $1,000. At any...

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