THE FOLLOWING IS A LIST OF STATE EMPLOYEE BENEFITS
Bond that can be converted at the option of the owner into common stock of issuer. At issuance conversion price set at a premium to the stock’s current market price. Conversion Ratio= (Par Value of Bond)/(Conversion Price) Parity Price of Bond=(Conversion ratio) X (Stock’s Market Price) i.e. bond convertible @ $40 share. 1 bond = $1000/40 ... ................
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