Company ABC have a 10% bond that pays semiannual coupons and will mature in 10...

Company ABC have a 10% bond that pays semiannual coupons and will mature in 10 years. The face value is $1,000, and the yield to maturity on similar bonds is 8%. The bond is also convertible with a conversion price of $90. The stock is currently selling for $110. What is the minimum price of the bond?

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jeff jeffy answered 1 year ago

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