Exhibit 14-9 USE THE FOLLOWING INFORMATION FOR THE NEXT PROBLEM(S)

question 46

Multiple Choice

Exhibit 14-9
USE THE FOLLOWING INFORMATION FOR THE NEXT PROBLEM(S)
BioTech Industries has debentures outstanding (par value $1,000) convertible into the company's common stock at $30. The coupon rate is 11% payable semiannually and they mature in 10 years.
-Refer to Exhibit 14-9. Calculate the conversion value of the bond if the stock price is $27.00 per share.

• A) $600.00
• B) $700.00
• C) $800.00
• D) $900.00
• E) $1,000.00

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Definitions:

SIDS

Sudden Infant Death Syndrome, an unexplained death, usually during sleep, of a seemingly healthy baby less than a year old.

World Health Organization

A specialized agency of the United Nations responsible for international public health, often abbreviated as WHO.

Disposition

An individual's inherent qualities of mind and character, or the way in which something is placed or arranged.

Cause of Death

The specific reason or event leading to an individual's death, typically determined by a medical professional.