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Find conversion value of the bond

O'reilly Moving Company has a $1,000 par value convertible bond outstanding that can be converted into 25 shares of common stock. The common stock is currently selling for $36.25 a share, and the convertible bond is selling for $970.

A) What is the conversion value of the bond

B) What is the conversion premium?

C) What is the conversion price?

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Finance Basics: Find conversion value of the bond

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Solution Preview :

Prepared by a verified Expert

Finance Basics: Find conversion value of the bond

Reference No:- TGS0551722

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

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Solution Preview :

Prepared by a verified Expert

Finance Basics: Find conversion value of the bond

Reference No:- TGS0551722

Recent Questions Asked Finance Basics

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