Laybuy Ltd is the target of a takeover bid. It has $1.5 million worth of...
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Laybuy Ltd is the target of a takeover bid. It has $1.5 million worth of convertible bonds outstanding with face value of $1000 for each bond.
Conversion Ratio (CV) = Number of Laybuy common shares issued when debt converted at face value = 25 If the convertible bonds are converted into shares, how many new shares will Laybuy have?
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