A convertible bond has a par value of $1,000, but its current market price is $95. The current price of the issuing company's stock is $26, and the conversion ratio is 34 shares. The bond's market conversion value is _________.
A. $1,000
B. $884
C. $933
D. $980
B. $884
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Which of the following is NOT a kind of questions that should be asked in order to understand the exposure to management fraud?
a. Is a legitimate business purpose apparent for each separate entity of the business? b. Have significant recent changes occurred in the nature of the organization? c. Are the accounting and information technology staff and organization effective? d. How many employees are there in the organization who have many years with the organization?
_________ refers to a firm’s use of the same accounting methods over consecutive time periods.
a. Comparability b. Materiality c. Consistency d. Objectivity
Which is NOT a mentioned type of bad leader?
A. incompetent B. rigid C. corrupt D. ignorant
Implied authority can be based on prior dealings between the parties
Indicate whether the statement is true or false