183k views
1 vote
ABC Company has issued $20,000,000 of convertible bonds with a coupon of 5% and a current market value of 120. The conversion price is $40. If all the bonds are converted, how many additional shares of common stock will ABC have outstanding

User Dietr
by
7.6k points

1 Answer

7 votes

Answer:

Step-by-step explanation:

k

User Notaceo
by
7.8k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.