Your convertible bond has a conversion ratio of 15.The current market price of the common stock is $50/share.The conversion value of this bond is
A) $150.
B) $500.
C) $650.
D) $750.
E) $900.
Correct Answer:
Verified
Q130: Choose the word or phrase in [
Q131: Choose the word or phrase in [
Q132: A convertible bond is usually a
A)government bond.
B)participating
Q133: Choose the word or phrase in [
Q134: Choose the word or phrase in [
Q136: Choose the word or phrase in [
Q137: A company's $1,000 bond has a 7.5%
Q138: Zero coupon bonds are issued by
A)federal agencies.
B)municipalities.
C)corporations.
D)all
Q139: The approximate yield to maturity of a
Q140: When market interest rates rise,bond prices will
A)return
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