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Business, 24.03.2020 20:06 njood3113

A bond with a face value of $1000 is convertible to common stock at a conversion ratio of 60. If the stock is currently trading at $ 8 per share, the value of the bond is probably closest in value to which of the following?

A. about $1000
B. about $492
C. less than $492
D. about $508
E. above $1666

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Answers: 1

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A bond with a face value of $1000 is convertible to common stock at a conversion ratio of 60. If the...
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