You are thinking about buying Dovia Co.'s convertible bonds. You plan to convert to equity at the

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You are thinking about buying Dovia Co.'s convertible bonds. You plan to convert to equity at the end of the year and you think that Dovia's common equity will be priced at $35 per share at that point. What conversion ratio should Dovia's bonds have in order for you to expect to be able to convert them at the end of the year?
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Fundamentals Of Corporate Finance

ISBN: 9780133507676

3rd Edition

Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford

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