A firm issues the convertible debt shown above.The price of stock in this company on July 1,2008 is $36.00.What is the minimum call price that would make a bondholder prefer to accept the call rather than convert?
Definitions:
Increase
A rise in the quantity, size, or extent of something.
Percent
A unit of proportion or ratio expressed as a fraction of 100, often used to quantify relative change or differences.
Inequality
The unequal distribution of resources, opportunities, and rights among people in a society, often leading to social and economic disparities.
Rich
Having a great deal of money, resources, or assets; wealth.
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