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Category > Business & Finance Posted 05 Aug 2017 My Price 6.00

Assume that you purchased

Assume that you purchased a $1,000 convertible corporate bond. Also assume the bond can be converted to 35.714 shares of the firm’s stock. What is the dollar value that the stock must reach before investors would consider converting to common stock? (Obj. 5) (p. 370)

 

The conversion price is $28.00

Face value ÷ Number of common shares if converted = Stock price for conversion

$1,000 ÷ 35.714 = $28.00

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Status NEW Posted 05 Aug 2017 06:08 PM My Price 6.00

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