Question regarding the conversion ratio


A $1,000 convertible bond permits the holder to convert the bond into five shares of common stock (a) What is the conversion ratio? (b) What is the conversion price?

Solution Preview :

Prepared by a verified Expert
Finance Basics: Question regarding the conversion ratio
Reference No:- TGS0557756

Now Priced at $10 (50% Discount)

Recommended (94%)

Rated (4.6/5)