The bonds of a company are convertible into shares of the


The bonds of a company are convertible into shares of the firm's common stock at $40 per share. The current price of the common stock is $35 per share. The bonds have a $1,000 par value and currently sell for $900 apiece. What is the conversion ratio of these bonds? Select one: a. 18 b. 25 c. 35 d. 40 e. 90

Request for Solution File

Ask an Expert for Answer!!
Financial Management: The bonds of a company are convertible into shares of the
Reference No:- TGS01568514

Expected delivery within 24 Hours