Multiple Choice
A bond with a face value of $1000 is convertible to ordinary shares at a conversion ratio of 60. If the shares are currently trading at $8.20 per share, the value of the bond is probably closest in value to which of the following?
A) about $492
B) about $1000
C) less than $492
D) above $1666
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q7: A firm issues $250 million in straight
Q8: Which of the following will have the
Q9: What is a bond's seniority?<br>A) the yield
Q11: A company issues a callable (at par)
Q12: What is a call provision?<br>A) the periodic
Q14: A company issues a callable (at par)
Q15: Which of the following is usually a
Q69: A bond that makes payments in a
Q78: The sole way that a firm can
Q85: What are notes?