About how much will be the conversion price

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Reference no: EM132018996

Having a hard time figuring out this out. I know the answe is $78, but I am not sure how to get there.

A firm's stock is now selling for $65. It plans to sell convertible bonds to raise money. About how much will be the Conversion price, given that the stock is selling for $65 in the stock market.

Reference no: EM132018996

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About how much will be the conversion price : About how much will be the Conversion price, given that the stock is selling for $65 in the stock market.

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