From the Shareholder's Point of View, the Optimum Time to Call

question 31

Multiple Choice

From the shareholder's point of view, the optimum time to call a convertible bond is when the bond's conversion value is:

• A)less than the call price, but greater than the face value.
• B)greater than the call price, but less than straight debt's value.
• C)equal to the face value.
• D)less than straight debt's value, but greater than the call price.
• E)None of the above.

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Definitions:

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