What is the conversion value of the bond

Reference no: EM13304667

Orient Airlines' common stock currently sells for $33, and its eight percent convertible debentures (issued at par, or $1,000) sell for $850. Each debenture can be converted into 25 shares of common stock at any time before 2019. What is the conversion value of the bond?

(a) $707.33
(b) $744.56
(c) $783.75
(d) $825.00
(e) $866.25

Reference no: EM13304667

Questions Cloud

Fiind how far from this first lens is the final image formed : Two thin lenses with a focal length of magnitude 10 cm, the first diverging and the second converging, are located 7.88cm apart. How far from this first lens is the final image formed

Prepare a cash budget for carmel covering : Carmel has $250,000 in notes payable due in July that must berepaid or renegotiated for an extension. Will the firm have amplecash to repay the notes?

Find the kinetic energy of the electron after the collision : A photon with wavelength 0.02585 nm strikes a free electron that is initially at rest. find the kinetic energy of the electron after the collision

What is expected ground level concentration 2 km downwind : The SO2 emission from a fixed source is 25 g/s. The effective stack height is 60 m, the wind speed is 4 m/s at the top of the stack. Assuming class C stability, what is the expected ground level concentration 2 km downwind

What is the conversion value of the bond : Orient Airlines' common stock currently sells for $33, and its eight percent convertible debentures (issued at par, or $1,000) sell for $850. Each debenture can be converted into 25 shares of common stock at any time before 2019. What is the conve..

Calculate the radius of the planet : A 20 kg satellite has a circular orbit with a period of 2.4 h and a radius of 8.0 Ã- 106 m around a planet of unknown mass. what is the radius of the planet

Calculate how many bright fringes appear : Light of wavelength 517 nm is used to illuminate normally two glass plates 22 cm in length that touch at one end, How many bright fringes appear along the total length of the plates

Estimate the minimum pressure needed in the chamber : The "supersoaker" water gun can shoot more than 30 ft in the horizontal direction. Estimate the minimum pressure, , needed in the chamber in order to accomplish this. List all assumptions and show all calculations.

How long must the force act to bring the body to rest : If a constant force of 416 N acts in the direction opposite to the body's motion, how long must the force act to bring the body to rest

User Account

All Pages