Multiple Choice
A bond has a face value of $10,000 and a conversion ratio of 560.The stock is currently trading at $16.30.What is the conversion price?
A) $1.56
B) $6.13
C) $16.30
D) $17.86
E) $56.00
Correct Answer:
Verified
Related Questions
A bond has a face value of $10,000 and a conversion ratio of 560.The stock is currently trading at $16.30.What is the conversion price?
A) $1.56
B) $6.13
C) $16.30
D) $17.86
E) $56.00
Correct Answer:
Verified
