Find out the bond conversion ratio


Problem:

The following data apply to Saunders Corporation's convertible bonds. Maturity 10 Stock price $30.00 Par value $1,000 Conversion price $50.00 Annual coupon 7.00% Straight-debt yield 8.00%.

Required:

Question: What is the bond's conversion ratio?

Note: Provide support for your underlying principle.

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Accounting Basics: Find out the bond conversion ratio
Reference No:- TGS0886081

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