Conversion Value of Convertible
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The conversion price of CRX's convertible ($1,000 par) subordinated debentures is $40 and the present market price of CRX common stock is $48.
Determine the present conversion value of the convertible issue. (First determine conversion ratio).
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This solution provides assistance with a financial problem e.g. determining the present conversion value of the convertible issue in a step-by-step format.
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Your question is this: "The conversion price of CRX's convertible ($1,000 par) subordinated debentures is $40 and the present market price of CRX common stock is $48. Determine the present conversion value of the convertible issue. (First determine conversion ...
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