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Author Question: Nowell Co. issued $1,000 par value bonds with a 4.5% coupon rate, convertible into 30 shares of ... (Read 103 times)

wqwpfwpoefnpwenf

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on: Mar 29, 2022
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.
Fundamentals of Investing ¦ Zutter, Smart ¦ 14th Edition
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Marked as best answer by wqwpfwpoefnpwenf on Mar 29, 2022

mamboz

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Reply #1 on: Mar 29, 2022
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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wqwpfwpoefnpwenf

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Reply 2 on: Mar 29, 2022
Thanks for the timely response, appreciate it

komodo7

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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