Question: Please answer A , B and C Excel required Assume that today s date is February 2 1 , 2 0 2 3 . PPL
Please answer A B and C
Excel required
Assume that todays date is February PPL Corporation, a Moodys investment grade corporation, has issued the following convertible bond issue
Par value $bond
Maturity years
Coupon payable semiannually
Each bond can be converted to shares of PPL common stock
Yieldtomaturity per year on a comparable risk, straight bond ie bond with no options
PPLs stock price $share
Determine the following. Show cells and calcultions where possible
A Straightbond value or textbooks investment value
B Conversion value
C Minimum value for this PPL convertible bond
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