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Coupon: 0% Conversion Ratio: 207 shares per $1000 principal amount Call Date: 1 July 2012...

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Accounting

Coupon: 0% Conversion Ratio: 207 shares per $1000 principal amount Call Date: 1 July 2012 Call Price: Par Maturity: 1 July 2019 A firm issues the convertible debt shown above. The share price of this company on 1 July 2012 is $4.95. If the bonds are called on this date, which of the following is the action most likely to be taken by a holder of a bond of face value $10,000?

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