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Identify and explain the three-step process that managers use to make sense of changes in their external environments. Explain how environmental scanning contributes to organizational performance.
Market Conversion Value
The worth of a convertible security if it were to be converted into shares of the underlying stock, typically at the current market price of the shares.
Par Value
The nominal or face value of a bond, stock, or other financial instrument, serving as a reference point for its worth.
Current Market Price
The price at which an asset or security can currently be bought or sold in the market.
Effective Annual Yield
The interest rate on an investment, expressed on an annual basis, taking into account the effect of compounding.
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