Question: Miron Construction Ltd . offers five - year, 8 % convertible bonds ( par $ 1 , 0 0 0 ) . Interest is paidannually

Miron Construction Ltd. offers five-year, 8% convertible bonds (par $1,000). Interest is paidannually on the bonds on December 31. Each $1,000 bond may be converted into 100 commonshares, which are currently trading at $8 per share. Similar straight bonds carry an interest rateof 10%. On January 1,2023, one thousand bonds (1,000) are issued at 101

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