Business, 26.03.2020 18:55 ericchen4399

A company has decided to issue 15-year convertible bonds which carry coupon rate of 3.35% and which have a conversion ratio of 68.75. Five years later, the stock is trading at $26.54. Ignoring fluctuations in interest rates, what is the approximate value of the bond?

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A company has decided to issue 15-year convertible bonds which carry coupon rate of 3.35% and which...