The bonds of goniff bank and trust have a conversion
The bonds of goniff bank and trust have a conversion premium of $38. Their conversion price is $15. The common stock price is $13.20. Assume each bond has $1,000 par value. What is the price of the convertible bonds?
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the bonds of goniff bank and trust have a conversion premium of 38 their conversion price is 15 the common stock price
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