You own 40 convertible 2% coupon bonds that you bought 5 years ago for $985 per bond. The conversion price is $200 per share. The shares used to trade at $150 per share but today trade at $300 per share. You decide to convert! What is the value of your investment? Use the $ symbol and round to the nearest $. Hint...should be a number that ends in 500.

Answer rating: 100% (QA)

To calculate the value of your investment after converting the convertible bonds into shares we need ... View the full answer