The Price of a Convertible Bond Is Often

question 12

Multiple Choice

The price of a convertible bond is often
1. greater than its value as stock  
2. less than its value as stock
3. greater than its value as debt
4. less than its value as debt

• A)1 and 3
• B)1 and 4
• C)2 and 3
• D)2 and 4

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