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

question 93

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. At present, what would be the minimum value of the bond?

• A) $600.00
• B) $796.83
• C) $889.82
• D) $900.00
• E) $1000.00

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Definitions:

Orange Free State

A historical Boer state in southern Africa that existed from 1854 to 1902, becoming a British colony thereafter.

Suez Canal

A man-made waterway in Egypt, opened in 1869, connecting the Mediterranean Sea to the Red Sea, significantly reducing travel time for maritime trade between Europe and Asia.

European Powers

Refers to the leading nations in Europe, particularly during the colonial and imperial periods, known for their significant influence and control over global affairs.

Henry Stanley

A Welsh-American explorer best known for his expeditions in Africa, including his quest to find David Livingstone and his development of the Congo region.