Bond Yields and Prices

Current Market Price $35 shares. Parity Value = Current Stock Price * conversion ratio. $35 * 25 = $875.00. Trade above parity--conversion value is zero. Trading like a straight bond. Interest rate movements drive the price. Trade below parity-conversion has value . conversion price $25 . Conversion ratio: 1000/25 =40 shares . current market ... ................
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