Question #39
Reading: Reading 27 Valuation and Analysis of Bonds With Embedded Options
PDF File: Reading 27 Valuation and Analysis of Bonds With Embedded Options.pdf
Page: 10
Status: Correct
Correct Answer: A
Question
Suppose the market price of a convertible security is $1,050 and the conversion ratio is 26.64. What is the market conversion price?
Answer Choices:
A. $1,050.00
B. $26.64
C. $39.41
No explanation available for this question.