Orient Airlines' Common Stock Currently Sells for $33,and Its 8

question 23

Multiple Choice

Orient Airlines' common stock currently sells for $33,and its 8% convertible debentures (issued at par,or $1,000) sell for $850.Each debenture can be converted into 25 shares of common stock at any time before 2017.What is the conversion value of the bond?

• A)$707.33
• B)$744.56
• C)$783.75
• D)$825.00

Recognize the importance of contingency planning, crisis management, and the role of early warning signals.

Know the significance of tight linkage between control and strategic planning.

Grasp the concept of value-based and manufacturing-based quality.

Understand the principles of service quality and customer satisfaction.