An investor buys a $1,000 face value convertible bond for $937.50. The bond can be converted into 150 shares of stock. T
Posted: Wed Jul 06, 2022 6:28 pm
An investor buys a $1,000 face value convertible bond for$937.50. The bond can be converted into 150 shares of stock. Thestock is currently priced at $5.25.
At what minimum stock price would a rational investor be willingto convert?
A. $6.25
B. $6.50
C. $6.66
D. $5.25
At what minimum stock price would a rational investor be willingto convert?
A. $6.25
B. $6.50
C. $6.66
D. $5.25