The following facts apply to a convertible bond making semiannual payments: $39/share 6.5% $1,000 Conversion...
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The following facts apply to a convertible bond making semiannual payments: $39/share 6.5% $1,000 Conversion price Coupon rate Par value Yield on nonconvertible debentures of same quality Maturity Market price of stock 9.5% 20 years $35 /share What is the minimum price at which the convertible should sell? Multiple Choice $733.55 O $879.49 $1,000.00 $897.44 $861.54
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