CourseLover

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About CourseLover

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Teaching Since: May 2017
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  • MCS,MBA(IT), Pursuing PHD
    Devry University
    Sep-2004 - Aug-2010

Experience

  • Assistant Financial Analyst
    NatSteel Holdings Pte Ltd
    Aug-2007 - Jul-2017

Category > Business & Finance Posted 12 Dec 2017 My Price 10.00

convertible bond issue

You have the following information about a convertible bond issue:

                                           Burroughs Corporation7 ¼% Due 8-1-2010

Agency rating (Moody’s/S&P)                              A3/A

Conversionratio                                                    12.882

Market price of convertible                                 102

Market price of common stock                           $ 66.00

Dividend per share-common                              $ 2.60

Call price (first call: 8-1-2000)                             106

Estimated floor price                                            $ 66.50

Using the information above, calculate the following values and show calculations:

(a) Market conversion value.

(b) Conversion premium per common share.

(c) Current yield-convertible.

(d) Dividend yield-common.

Answers

CourseLover
(12)
Status NEW Posted 12 Dec 2017 02:12 PM My Price 10.00

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