Why would you only be able to purchase the bond

Reference no: EM13304749

Explain why in the "real world" a bond will always trade at the higher of its straight value and its conversion value. For example, if a bond is worth 1100 as a straight bond, but is worth 1200 if converted into common stock, why would you only be able to purchase the bond for 1200 in the open market.

Reference no: EM13304749

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