A firm issues the convertible debt shown above.The price of stock in this company on July 1,2008 is $14.40.What is the minimum call price that would make a bondholder prefer to accept the call rather than convert?
A) par plus 6.66%
B) par plus 7.50%
C) par plus 8.46%
D) par plus 12.32%
Correct Answer:
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