Multiple Choice
The holders of Xenron Corporation's bond with a face value of €1,000 can exchange that bond for 35 shares of equity.The equity is selling for €22.00.What would the conversion price and conversion ratio be if Xenron had a 3 for 1 equity split?
A) € 7.33; 75
B) € 9.52; 105
C) €22.00; 25
D) €28.57; 35
E) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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