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Author Question: Coupon:0%Conversion Ratio: 207 shares per $1000 principal amountCall Date: July 1, 2008Call Price: ... (Read 66 times)

jake

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on: Jul 9, 2019
Coupon:0%
Conversion Ratio: 207 shares per $1000 principal amount
Call Date: July 1, 2008
Call Price: Par
Maturity: July 1, 2015
A firm issues the convertible debt shown above. The price of stock in this company on July 1, 2008 is $4.95. If the bonds are called on this date, which of the following is the action most likely to be taken by a holder of bond of face value of $10,000?
◦ Convert the bond and accept shares with a value of $10,246.50.
◦ Accept the call price and receive $10,000.
◦ Convert the bond and accept shares with a value of $10,128.00.
◦ Convert the bond and accept shares with a value of $10,000.
Fundamentals of Corporate Finance ¦ Berk, DeMarzo, Harford ¦ 2nd Edition
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Marked as best answer by jake on Jul 9, 2019

lorealeza77

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Reply #1 on: Jul 9, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jake

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Reply 2 on: Jul 9, 2019
Thanks for the timely response, appreciate it

samiel-sayed

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Reply 3 on: Yesterday
Wow, this really help

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