Homework Sourse36 A convertible bond has a par value of 1000 but its curren
36. A convertible bond has a par value of $1,000, but its current market price is $95. The current price of the issuing company\'s stock is a $26, and the conversion ratio is 34 shares. The bond\'s market conversion value is _________.
36. A convertible bond has a par value of $1,000, but its current market price is $95. The current price of the issuing company\'s stock is a $26, and the conversion ratio is 34 shares. The bond\'s market conversion value is _________.
36. A convertible bond has a par value of $1,000, but its current market price is $95. The current price of the issuing company\'s stock is a $26, and the conversion ratio is 34 shares. The bond\'s market conversion value is _________.
36. A convertible bond has a par value of $1,000, but its current market price is $95. The current price of the issuing company\'s stock is a $26, and the conversion ratio is 34 shares. The bond\'s market conversion value is _________.
36. A convertible bond has a par value of $1,000, but its current market price is $95. The current price of the issuing company\'s stock is a $26, and the conversion ratio is 34 shares. The bond\'s market conversion value is _________.
36. A convertible bond has a par value of $1,000, but its current market price is $95. The current price of the issuing company\'s stock is a $26, and the conversion ratio is 34 shares. The bond\'s market conversion value is _________.
36. A convertible bond has a par value of $1,000, but its current market price is $95. The current price of the issuing company\'s stock is a $26, and the conversion ratio is 34 shares. The bond\'s market conversion value is _________.
36. A convertible bond has a par value of $1,000, but its current market price is $95. The current price of the issuing company\'s stock is a $26, and the conversion ratio is 34 shares. The bond\'s market conversion value is _________.
Solution
Bond\'s market conversion value:
= Number of shares*Share price
= 34*$26
= $884
Hence, conversion value is $884
