The Holders of Xenron Corporation's Bond with a Face Value

question 17

Multiple Choice

The holders of Xenron Corporation's bond with a face value of $1,000 can exchange that bond for 35 shares of stock. The stock is selling for $22.00.
-Refer to the above scenario.What is the conversion premium?

• A)0.00%
• B)29.86%
• C)59.01%
• D)106.61%
• E)None of the above.

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