Question: Use the bonds below to answer question this question: ACE Inc. bond H: convertible bond with a conversion price of $ 7 0 . ACE
Use the bonds below to answer question this question:
ACE Inc. bond H: convertible bond with a conversion price of $
ACE Inc. bond O: identical to bond H except that it does not include a conversion option.
The minimum value of bond H is equal to the greater of:
The conversion value of bond H and a put option on CEs common stock
The conversion value of bond H and a call option on ACEs common stock
The current value of bond O and a call option on ACEs common stock
The conversion value of bond H and the current value of bond O
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