A Bond Has a Face Value of $10,000 and a Conversion

question 70

Multiple Choice

A bond has a face value of $10,000 and a conversion price of $17.86.The stock is currently trading at $16.30.What is the conversion ratio?

• A)330
• B)487
• C)500
• D)560
• E)614

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Definitions:

L-Erythrose

A four-carbon sugar, or tetrose, with the chemical formula C4H8O4, one of the simplest aldose configurations.

NaBH4

Sodium borohydride, a reducing agent widely used in organic chemistry for the reduction of aldehydes, ketones, and aldehydes to alcohols.

Alditol

A type of sugar alcohol resulting from the hydrogenation of an aldose, used in food as a low-calorie sweetener.

Anomers

Stereoisomers that differ in configuration only at the anomeric carbon in cyclic saccharides.