Multiple Choice
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%
E) par plus 15.00%
Correct Answer:
Verified
Related Questions
