You are analyzing a company that has issued convertible bonds to raise capital in the past. These convertible bonds are currently trading for a market value of $421 million. When the bonds were ordinally issued, they had a face value of $315 million. After performing an analysis, you have found that the value of the "Straight Debt" portion of the convertible bonds is approximately $320 million. 

What is the value of the Equity portion of the convertible bonds?

Answer rating: 100% (QA)

To calculate the value of the Equity portion of the convertible bonds you can ... View the full answer