Multiple Choice
The holders of Xenron Corporation's bond with a face value of $1,000 can exchange that bond for 35 shares of stock. The stock is selling for $22.00. What is the conversion premium?
A) 0.00%
B) 29.86%
C) 59.01%
D) 106.61%
E) None of these.
Correct Answer:
Verified
Correct Answer:
Verified
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