Solutions to Quiz 2 are after the questions
If the bond matures in 16 years, it should sell for a price of _____ today. A) $458.00 . B) $641.00 . C) $789.00 . D) $1,100.00 . 19. A convertible bond has a par value of $1,000 but its current market price is $833. The current price of the issuing company's stock is $22 and the conversion ratio is 40 shares. ................
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