A firm issues the convertible debt shown above. The price of stock in this company on July 1, 2008 is $37.57. What is the minimum call price that would make a bondholder prefer to accept the call rather than convert?
Definitions:
John Ford
An iconic American film director known for his Westerns and the visually powerful style he brought to the portrayal of the American frontier.
John Wayne
An iconic American film actor famous for his roles in Westerns and war movies, embodying rugged masculinity and American patriotism through his career spanning four decades.
Stagecoach
This term can either refer to a horse-drawn carriage used historically for public transport or a classic Western film directed by John Ford.
European Film
Cinema produced in Europe, characterized by diverse storytelling techniques and styles, reflecting the continent's cultural variations.
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