Multiple Choice
A bond with a face value of $1 000 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 $1 000
B) Above $1 666
C) Less than $492
D) About $492
Correct Answer:
Verified
Correct Answer:
Verified
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