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    Convertibles, Warrants and Derivatives of Bonds

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    A convertible bond is currently selling for $1335. It is convertible into 20 shares of common which presently sell for $56 per share. What is the conversion premium?

    A convertible bond is currently selling for $945. It is convertible into 15 shares of common which presently sell for $57 per share. What is the conversion premium?

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    Solution Summary

    Convertible, warrants and derivatives of bonds are examined.

    $2.19

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