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Category > Business & Finance Posted 28 May 2017 My Price 7.00

A convertible Bond of Face Value of Rs. 1000

A convertible Bond of Face Value of Rs. 1000 is issued at Rs. 1,350 at coupon rate of 10.5%.The conversion rate is 14 shares per bond.The current market price of the bond and share is Rs. 1,475 and Rs.80 respectively.What is the premium over conversion value

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Status NEW Posted 28 May 2017 09:05 AM My Price 7.00

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