Percentage conversion premium
A $1,000 bond is issued at par. The market price of the common stock at the issue date was $20. The conversion price is $25. (a) What is the conversion ratio? (b) What is the conversion value? (c) What is the percentage conversion premium?
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The conversion price of common stock is $20 a share. Into how many shares will a $1,000 convertible bond be converted?
At the beginning of 2013, Pitman Co. purchased an asset for $900,000 with an estimated useful life of 5 years and an estimated salvage value of $75,000.
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?
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A $1,000 bond is convertible into 25 shares of common stock having a market value of $47 per share. What is the conversion value?
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For a $1,000 convertible bond, the conversion price is $50. The call price is $1,200. (a) If the conversion value of the bond equals the call price, what should the market price of the stock be?
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