Multiple Choice
If a par value $1,000 bond is convertible into 20 shares of the company's stock at the discretion of the investor, what must the market price of the stock be in order for the investor to make the conversion?
A) $1,000
B) $49.50
C) $50.01
D) $50
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q68: As interest rates rise, the market price
Q69: _ bonds are issued by state and
Q70: If you are concerned that market interest
Q71: A bond's yield to maturity is above
Q72: A call feature on bonds allows the
Q74: If a company's stock price is expected
Q75: The _ is the amount returned to
Q76: A bond's yield to maturity is the
Q77: Bonds are equity investments issued by corporations
Q78: A bond from Ginnie Mae is an