Exhibit 23.5 Use the Information Below for the Following Problem(S)

question 82

Multiple Choice

Exhibit 23.5
Use the Information Below for the Following Problem(S)
Exclusive Industries has debentures outstanding (par value $1,000.00) convertible into exclusive's common stock at $30. The coupon rate is 11% payable semiannually and they mature in 10 years.
-Refer to Exhibit 23.5.Calculate the conversion value if the stock price is $24.00 per share.

• A) $600.00
• B) $700.00
• C) $800.00
• D) $900.00
• E) $1,000.00

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