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Author Question: Coupon:0%Conversion Ratio: 285 shares per $10,000 principal amountCall Date: July 1, 2008Maturity: ... (Read 84 times)

sjones

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Coupon:0%
Conversion Ratio: 285 shares per $10,000 principal amount
Call Date: July 1, 2008
Maturity: July 1, 2015
A firm issues the convertible debt shown above. The price of stock in this company on July 1, 2008 is $36.00. What is the minimum call price that would make a bondholder prefer to accept the call rather than convert?
◦ par
◦ par plus 4.1%
◦ par plus 2.6%
◦ par plus 3.4%


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Marked as best answer by sjones on Jul 9, 2019

Danny Ewald

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