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Vernon Glass Company has $30 million in 10 percent convertible bonds outstanding. The conversion ratio is 40, the stock price is $18, and the bond matures in 25 years. The bonds are currently selling at a conversion premium of $45 over their conversion value.
If the price of the common stock rises to $24 on this date next year, what would your rate of return be if you bought a convertible bond today and sold it in one year? Assume on this date next year, the conversion premium has shrunk from $45 to $20. (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.)
Rate of return %
Sales for the year were 42,000 units at $39.60 each. What is the gross profit. What was the value of ending inventory .
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Shares of SoHot Donuts common stock are currently selling for $15. Next year’s dividend is expected to be $1.50 per share and the market rate of return is 13%. At what rate is the dividend projected to be growing?
The current year’s dividend for a share of common stock is $2 and the current price of the stock is $30. Dividends are expected to grow at 5%, forever. What is the rate of return for this stock? Please show all work, including formula used.
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Mellott Corp. has an equity value of $13,705. Long-term debt is $9,200. Net working capital, other than cash, is $3,740. Fixed assets are $18,380 and current liabilities are $2,030. How much cash does the company have? Cash $ What is the value of the..
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