You are given the following data regarding the Excel Corporation's convertible bonds: Maturity: Par value: Annual...
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You are given the following data regarding the Excel Corporation's convertible bonds: Maturity: Par value: Annual coupon: What is the minimum price (floor price) that this bond should sell for? O $828.80 O $835.18 O $842.17 O $857.10 O $882.17 15Stock price: $1,000.00Conversion price: $30.00 $35.00 6.00%Straight-debt yield: 8.00% You are given the following data regarding the Excel Corporation's convertible bonds: Maturity: Par value: Annual coupon: What is the minimum price (floor price) that this bond should sell for? O $828.80 O $835.18 O $842.17 O $857.10 O $882.17 15Stock price: $1,000.00Conversion price: $30.00 $35.00 6.00%Straight-debt yield: 8.00%
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