Solved: Plunkett gym equipment inc has a 1000 par value convertible, Financial Management

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Plunkett gym equipment inc has a 1000 par value convertible

Plunkett gym equipment inc. has a $1,000 par value convertible bond outstanding that can be converted in 45 shares of common stock. The common stock is currently selling for $27.60 per share and the convertible bond is selling for $1,277.50

What is the conversion value of the bond?

What is the conversion premium?

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Financial Management: Plunkett gym equipment inc has a 1000 par value convertible

Reference No:- TGS01720283

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Solution Preview :

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Financial Management: Plunkett gym equipment inc has a 1000 par value convertible

Reference No:- TGS01720283

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