A holder of rainbow funds convertible bond with a 1000 par


1. You buy a $10,000 par treasury bill at $9,575 and sell it 60 days later for $9,675. What was your EAR?

2. A holder of Rainbow funds convertible bond with a $1,000 par and a $1,100 price can convert to 25 shares of common stock. The stock is currently price at $36 per share. By what percent does the stock price have to rise to make conversion potentially attractive?

Request for Solution File

Ask an Expert for Answer!!
Financial Management: A holder of rainbow funds convertible bond with a 1000 par
Reference No:- TGS01188648

Expected delivery within 24 Hours