Homework Answers
a
| Conversion price = Bond par value/conversion ratio |
| Conversion price = 1000/40 |
| Conversion price = 25 |
b
| Conversion price = Bond par value/conversion ratio |
| Conversion price = 1000/25 |
| Conversion price = 40 |
c
| Conversion price = Bond par value/conversion ratio |
| Conversion price = 1000/125 |
| Conversion price = 8 |
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Conversion price Calculate the conversion price for each of the following convertible bonds: a. A $1,000-par-value...
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 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.)
Conversion (or stock) value What is the conversion (or stock) value of each of the following...
Conversion (or stock) value What is the conversion (or stock) value of each of the following convertible bonds? a. A $1,000-par-value bond that is convertible into 25 shares of common stock. The common stock is currently selling for $50.00 per share. b. A$1,000-par-value bond that is convertible into 12.5 shares of common stock. The common stock is currently selling for $42.00 per share. c. A$1,000-par-value bond that is convertible into 100 shares of common stock. The common stock is currently...
Please A B and C :) Thanks Will thumbs up Conversion (or stock) value What is...
Please
A B and C :) Thanks Will thumbs up
Conversion (or stock) value What is the conversion (or stock) value of each of the following convertible bonds? a. A $1,000-par-value bond that is convertible into 25 shares of common stock. The common stock is currently selling for $50.00 per share. b. A $1,000-par-value bond that is convertible into 12.5 shares of common stock. The common stock is currently selling for $42.00 per share. c. A $1,000-par-value bond that is...
Determining values-Convertible bond Craig's Cake Company has an outstanding issue of 8-year convertible bonds with a...
Determining values-Convertible bond Craig's Cake Company has an outstanding issue of 8-year convertible bonds with a $800 par value. These bonds are convertible into 60 shares of common stock. They have a 11 % annual coupon interest rate, whereas the interest rate on straight bonds of similar risk is 14% a. Calculate the straight bond value of this bond b. Calculate the conversion (or stock) value of the bond when the market price is $22 per share of common stock...
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...
Determining values-Convertible bond Eastern Clock Company has an outstanding issue of convertible bonds with a $2,000...
Determining values-Convertible bond Eastern Clock Company has an outstanding issue of convertible bonds with a $2,000 par value. These bonds are convertible into 35 shares of common stock. They have a 9% annual coupon interest rate and a 25-year maturity. The interest rate on a straight bond of similar risk is currently 13%. a. Calculate the straight bond value of the bond. b. Calculate the conversion (or stock) value of the bond when the market price of the common stock...
Convertibles Breuer Investment's convertible bonds have a $1,000 par value and a conversion price of $70...
Convertibles Breuer Investment's convertible bonds have a $1,000 par value and a conversion price of $70 a share. What is the convertible issue's conversion ratio? Round your answer to two decimal places. shares
A $1000 par value convertible bond has a conversion price of $25. It is currently selling...
A $1000 par value convertible bond has a conversion price of $25. It is currently selling for $1,200, despite the fact that the bond's coupon rate and the market interest rate are equal. The common stock obtained upon conversion is selling for $27 per share. What is the convertible bond's conversion ratio? Select one: a. 37 b. 40 c. 48 d. 200
Determining values—Convertible bond Craig's Cake Company has an outstanding issue of 15-year convertible bonds with a...
Determining values—Convertible bond Craig's Cake Company has an outstanding issue of 15-year convertible bonds with a $800 par value. These bonds are convertible into 75 shares of common stock. They have a 12% annual coupon interest rate, whereas the interest rate on straight bonds of similar risk is 17%. a. Calculate the straight bond value of this bond. b. Calculate the conversion (or stock) value of the bond when the market price is $23 per share of common stock. c....
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 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.)
Conversion (or stock) value What is the conversion (or stock) value of each of the following convertible bonds? a. A $1,000-par-value bond that is convertible into 25 shares of common stock. The common stock is currently selling for $50.00 per share. b. A$1,000-par-value bond that is convertible into 12.5 shares of common stock. The common stock is currently selling for $42.00 per share. c. A$1,000-par-value bond that is convertible into 100 shares of common stock. The common stock is currently...
Please
A B and C :) Thanks Will thumbs up
Conversion (or stock) value What is the conversion (or stock) value of each of the following convertible bonds? a. A $1,000-par-value bond that is convertible into 25 shares of common stock. The common stock is currently selling for $50.00 per share. b. A $1,000-par-value bond that is convertible into 12.5 shares of common stock. The common stock is currently selling for $42.00 per share. c. A $1,000-par-value bond that is...
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Determining values-Convertible bond Eastern Clock Company has an outstanding issue of convertible bonds with a $2,000 par value. These bonds are convertible into 35 shares of common stock. They have a 9% annual coupon interest rate and a 25-year maturity. The interest rate on a straight bond of similar risk is currently 13%. a. Calculate the straight bond value of the bond. b. Calculate the conversion (or stock) value of the bond when the market price of the common stock...
Convertibles Breuer Investment's convertible bonds have a $1,000 par value and a conversion price of $70 a share. What is the convertible issue's conversion ratio? Round your answer to two decimal places. shares
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