Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. 33. which of the following is the correct calculat

33. Which of the following is the correct calculation of the premium over conversion value? a.      market price...

50.1K

Verified Solution

Question

Finance

33. Which of the following is the correct calculation of thepremium over conversion value?

a.      market price minus parvalue

b.     market price minus conversionratio

c.      market price minusconversion value

d.     market price minus stockprice

35. A bond has a par value of $1,000, a market value of $900, aconversion price of $45, and an associated stock price of$40.  The premium over conversion value is

a.      $0.

b.     $5.00.

c.      $11.11.

d.     $100.00.

Answer & Explanation Solved by verified expert
3.7 Ratings (330 Votes)
    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Transcribed Image Text

33. Which of the following is the correct calculation of thepremium over conversion value?a.      market price minus parvalueb.     market price minus conversionratioc.      market price minusconversion valued.     market price minus stockprice35. A bond has a par value of $1,000, a market value of $900, aconversion price of $45, and an associated stock price of$40.  The premium over conversion value isa.      $0.b.     $5.00.c.      $11.11.d.     $100.00.

Other questions asked by students

Q

In downtown Metropolis, Mr. Kent owns several small office buildings in which he rents space to...

Accounting
Q

Problem 5. (10 pts) In a differential amplifier, the non-inverting input is 3 cos (600t + 45â—¦)...

Electrical Engineering
Q

A method used to sustain fish populations and provide resources 1 Point O water treatment...

Biology
Q

No picture no points 3 10 pts A 20 kg crate is being pulled horizontally...

Physics
Q

Ronnie has $500 he wants to put in a savings account that compounds monthly at...

Basic Math
Q

Set models can be created using tiles like the ones shown below Determine which set...

Algebra
Q

For a particular commodity the demand function is q a Find e when p 16...

Algebra
Q

Suppose youre evaluating three alternative MMMF investments. The first fund buys a diversified portfolio of...

Accounting
Q

In response to a growing awareness of gluten allergies, Carla Vista Bakery tried using gluten-free...

Accounting
Q

In 2014, the AICPA's Professional Ethics Executive Committee adopted a revised Code of Professional Conduct...

Accounting
Q

An investment executive at Parcom Capital, a leading equity firm in the Benelux union, is...

Finance
Q

company could sell 4,000 more units of this product; the cost of this research was...

Accounting