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a 10-year convertible bond pays an annual coupon of 6 percent, has a yield to maturity of 5 percent, and a par value of $1,000. the bond is convertible to 50 shares of common stock at $20 per share. today's
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a 10-year convertible bond pays an annual coupon of 6 percent, has a yield to maturity of 5 percent, and a par value of $1,000. the bond is convertible to 50 shares of common stock at $20 per share. today's stock price is $21.20 per share. what is the bond's floor value? group of answer choices $1,000 $1,060 $1,300 $1,375

User Imdibiji
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Answer: the bond's floor value would be $1,000

Step-by-step explanation:

User LouisChiffre
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