Business, 21.01.2021 22:10 Loveekatiana

ZEN Inc. is financed by 3 million shares of common stock and by $5 million face value of 8% convertible debt maturing in 2026. Each bond has a face value of $1,000 and a conversion ratio of 200. What is the value of each convertible bond at maturity if ZEN's net assets are: $30 million

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ZEN Inc. is financed by 3 million shares of common stock and by $5 million face value of 8% converti...