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    Fundamentals of Corporate Finance Study Set 12
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    Exam 15: Debt Financing
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    A Bond Has a Face Value of $10,000 and a Conversion
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A Bond Has a Face Value of $10,000 and a Conversion

Question 8

Question 8

Multiple Choice

A bond has a face value of $10,000 and a conversion price of $37.74.The stock is currently trading at $38.80.What is the conversion ratio?


A) 231
B) 246
C) 281
D) 258
E) 265

Correct Answer:

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