Given Principal $1,000 Coupon 5% Maturity 15 years Call price $1,050 Conversion price $37 i.e. 27 shares
Given Principal $1,000 Coupon 5% Maturity 15 years Call price $1,050 Conversion price $37 i.e. 27 shares Given Principal $1,000 Coupon 5% Maturity 15 years Call price $1,050 Conversion price $37 i.e. 27 shares Market price of common stock $32 Market price of bond $1,040 a) What is the current yield of this bond? b) […]