A convertible bond issue has a conversion premium of $50 at a time when the underlying share’s price is $35. The convertible has a par value of $1,000 and is convertible into 80 shares of the issuer’s stock. The convertible bond’s price is closest to:
A: $1,050
B: $2,850
C: $2,750
A: $1,050
B: $2,850
C: $2,750
举一反三
- A convertible bond with conversion ratio of 5:1 means______________ A: Five convertible bonds can be converted into one common stock B: One convertible bond can be converted into five common stocks C: Five convertible bonds can be converted into one corporate bonds D: One convertible bond can be converted into five corporate bonds
- A<br/>bond that can be retired prior to maturity by the issuer is a convertible bond. ( )
- _________ is a bond secured by a mortgage on one or more assets. A: A convertible bond B: A treasury bond C: A mortgage bond D: A municipal bond
- Convertible has two kinds: one is a hard-top convertible whose roof is made of metal,the other is a soft-top convertible whose roof is made of canvas (see Fig.7-7).
- What was the name of the company’s first convertible?