A firm currently has outstanding a 9 percent, $1,000 convertible bond. The bond is convertible into 100 shares of common stock at a conversion price of $10 per share and callable at $1,090. The current market price of the firm's stock is $12 per share. The bond holder will ________.
A) allow the call to be exercised realizing $90 over par value
B) convert the bond into stock realizing $200 over par value
C) convert the bond into stock realizing only par value
D) wait until the stock price goes up further
B) convert the bond into stock realizing $200 over par value
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When they enable us to describe a feeling, an event, or a circumstance unambiguously, words are which of the following?
A. concrete B. abstract C. clear D. confusing
What is an example of using touch in mediated communication?
What will be an ideal response?
A company discarded a computer system originally purchased for $8750. The accumulated depreciation was $6450. The company should recognize a (an):
A. $2300 gain. B. $2300 loss. C. $6450 loss. D. $0 gain or loss. E. $8750 gain.
Which of the following statements could most likely create an express warranty?
A)"This is the best car available in town." B)"This motorcycle will double in value in the next ten years." C)"These tires have 10,000 miles on them." D)"This antique is quite a bargain."