Homework Answers
Conversion Price =70
Par Value =1000
Conversion Ratio =Par Value/Conversion Price =1000/70 =14.29
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Convertibles Breuer Investment's convertible bonds have a $1,000 par value and a conversion price of $70...
Conversion price Calculate the conversion price for each of the following convertible bonds: a. A $1,000-par-value...
Conversion price Calculate the conversion price for each of the following convertible bonds: a. A $1,000-par-value bond that is convertible into 40 shares of common stock. b. A$1000-par-value bond that is convertible into 25 shares of common stock. c. A $1,000-par-value bond that is convertible into 125 shares of common stock. a. The conversion price is $ per share. (Round to the nearest cent.)
A $1,000 par convertible debenture has a conversion price for common stock of $42 per share....
A $1,000 par convertible debenture has a conversion price for common stock of $42 per share. With the common stock selling at $51. what is the conversion value of the bond? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Conversion value
Buffalo Corporation has outstanding 2,000 $1,000 bonds, each convertible into 70 shares of $10 par value common stock.
Buffalo Corporation has outstanding 2,000 $1,000 bonds, each convertible into 70 shares of $10 par value common stock. The bonds are converted on December 31, 2020, when the unamortized discount is $28,600 and the market price of the stock is $21 per share. Record the conversion using the book value approach.
Vernon Glass Company has $20 million in 10 percent, $1,000 par value convertible bonds outstanding. The...
Vernon Glass Company has $20 million in 10 percent, $1,000 par value convertible bonds outstanding. The conversion ratio is 60, the stock price is $16, and the bond matures in 20 years. The bonds are currently selling at a conversion premium of $40 over their conversion value. If the price of the common stock rises to $22 on this date next year, what would your rate of return be if you bought a convertible bond today and sold it in...
Standard Olive Company of California has a $1,000 par value convertible bond outstanding with a coupon...
Standard Olive Company of California has a $1,000 par value convertible bond outstanding with a coupon rate of 8 percent and a maturity date of 20 years. It is rated Aa, and competitive, nonconvertible bonds of the same risk class carry a 22 percent yield. The conversion ratio is 20. Currently the common stock is selling for $30 per share on the New York Stock Exchange. a. What is the conversion price? (Round your answer to 2 decimal places.) Conversion...
Conversion price Calculate the conversion price for the following convertible bond: A $700-par-value bond that is...
Conversion price Calculate the conversion price for the following convertible bond: A $700-par-value bond that is convertible into 25 shares of common stock. The conversion price is $_______ per share. (Round to the nearest cent.)
Net income for the year $1,210,000 7% convertible bonds issued at par ($1,000 per bond); each...
Net income for the year $1,210,000 7% convertible bonds issued at par ($1,000 per bond); each bond is convertible into 30 shares of common stock 1,970,000 6% convertible, cumulative preferred stock, $100 par value; each share is convertible into 3 shares of common stock 4,200,000 Common stock, $10 par value 5,820,000 Tax rate for 2021 20% Average market price of common stock $25 per share There were no changes during 2021 in the number of common shares, preferred shares, or...
1-Suppose a firm issues a 1,000 Convertible Preference Shares for with a par value of $100...
1-Suppose a firm issues a 1,000 Convertible Preference Shares for with a par value of $100 each. Each preference share is convertible into 5 Ordinary Shares with a par value of $5. The credit entry to “Share Premium – Conversion Equity” on the date of issue was for $200,000. Assume that the maturity date of the Convertible Shares has now arrived and the Convertible Preference Shares will be converted into Ordinary Shares. The Debit Entry to the “Share Premium –...
Return ta Edgehill, Inc. has 335,000 bonds outstanding. The bonds have a par value of $1,000,...
Return ta Edgehill, Inc. has 335,000 bonds outstanding. The bonds have a par value of $1,000, a coupon rate of 5.6 percent paid semiannually, and 13 years to maturity. The current YTM on the bonds is 5.8 percent. The company also has 8.5 million shares of stock outstanding, with a market price of $31 per share. What is the company's market value debt-equity ratio? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.) %...
Please A B and C :) Thanks, Will thumbs up Conversion price Calculate the conversion price...
Please A B and C :) Thanks, Will thumbs up
Conversion price Calculate the conversion price for each of the following convertible bonds: a. A$1,000-par-value bond that is convertible into 40 shares of common stock. b. A$1000-par-value bond that is convertible into 25 shares of common stock c. A$1,000-par-value bond that is convertible into 125 shares of common stock. a. The conversion price is Sper share. (Round to the nearest cent.)
Conversion price Calculate the conversion price for each of the following convertible bonds: a. A $1,000-par-value bond that is convertible into 40 shares of common stock. b. A$1000-par-value bond that is convertible into 25 shares of common stock. c. A $1,000-par-value bond that is convertible into 125 shares of common stock. a. The conversion price is $ per share. (Round to the nearest cent.)
A $1,000 par convertible debenture has a conversion price for common stock of $42 per share. With the common stock selling at $51. what is the conversion value of the bond? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Conversion value
Conversion price Calculate the conversion price for the following convertible bond: A $700-par-value bond that is convertible into 25 shares of common stock. The conversion price is $_______ per share. (Round to the nearest cent.)
Return ta Edgehill, Inc. has 335,000 bonds outstanding. The bonds have a par value of $1,000, a coupon rate of 5.6 percent paid semiannually, and 13 years to maturity. The current YTM on the bonds is 5.8 percent. The company also has 8.5 million shares of stock outstanding, with a market price of $31 per share. What is the company's market value debt-equity ratio? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.) %...
Please A B and C :) Thanks, Will thumbs up
Conversion price Calculate the conversion price for each of the following convertible bonds: a. A$1,000-par-value bond that is convertible into 40 shares of common stock. b. A$1000-par-value bond that is convertible into 25 shares of common stock c. A$1,000-par-value bond that is convertible into 125 shares of common stock. a. The conversion price is Sper share. (Round to the nearest cent.)
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