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Business, 15.07.2020 01:01 nhester2056
Ten years ago, ABC Corporation offered $200 million of convertible bonds with a 30-year maturity and a 5.25% coupon rate. The conversion price was set at $65.00 against a prevailing market price of $42.75. If the current market price of the stock is $82.50, calculate the conversion value of this bond.
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Ten years ago, ABC Corporation offered $200 million of convertible bonds with a 30-year maturity and...
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