Nowell Co. issued $1,000 par value bonds with a 4.5% coupon rate, ...

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Nowell Co. issued $1,000 par value bonds with a 4.5% coupon rate, convertible into 30 shares of Nowell common stock.  When the bonds were issued the stock traded at $25 per share.  The stock is now at $23 per share and pays a $0.10 per share annual dividend.  The bonds are now trading at $992. In the near future
◦ the bondholders will voluntarily convert their bonds to stock.
◦ the issuing company will call the bonds and the bondholders will redeem them for the call price (par).
◦ the issuing company will call the bonds and bondholders will convert them to common shares.
◦ the issuing company will not call the bonds and the bondholders will not convert them.

[mamboz]

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[wqwpfwpoefnpwenf]

Great answer, keep it coming

[amandanbreshears]

Thanks for the timely response, appreciate it