36. A convertible bond has a par value of $1,000, but its current market price i

ID: 2825216 • Letter: 3

Question

36. A convertible bond has a par value of $1,000, but its current market price is $95. The current price of the issuing company's stock is a $26, and the conversion ratio is 34 shares. The bond's market conversion value is _________. 36. A convertible bond has a par value of $1,000, but its current market price is $95. The current price of the issuing company's stock is a $26, and the conversion ratio is 34 shares. The bond's market conversion value is _________. 36. A convertible bond has a par value of $1,000, but its current market price is $95. The current price of the issuing company's stock is a $26, and the conversion ratio is 34 shares. The bond's market conversion value is _________. 36. A convertible bond has a par value of $1,000, but its current market price is $95. The current price of the issuing company's stock is a $26, and the conversion ratio is 34 shares. The bond's market conversion value is _________. 36. A convertible bond has a par value of $1,000, but its current market price is $95. The current price of the issuing company's stock is a $26, and the conversion ratio is 34 shares. The bond's market conversion value is _________. 36. A convertible bond has a par value of $1,000, but its current market price is $95. The current price of the issuing company's stock is a $26, and the conversion ratio is 34 shares. The bond's market conversion value is _________. 36. A convertible bond has a par value of $1,000, but its current market price is $95. The current price of the issuing company's stock is a $26, and the conversion ratio is 34 shares. The bond's market conversion value is _________. 36. A convertible bond has a par value of $1,000, but its current market price is $95. The current price of the issuing company's stock is a $26, and the conversion ratio is 34 shares. The bond's market conversion value is _________.

Explanation / Answer

Bond's market conversion value:

= Number of shares*Share price

= 34*$26

= $884

Hence, conversion value is $884

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36. A convertible bond has a par value of $1,000, but its current market price i

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