Examlex
Brad owns a convertible bond.Which one of the following terms would apply to the value of this bond if he were to convert it into shares of stock today?
Current Price
Current Price is the present market price at which an asset or a service can be bought or sold.
Nominal Yield
The nominal yield of a bond or other fixed-income investment is the interest rate stated on the financial instrument, which does not account for inflation or the compounding of interest.
Semiannual Interest Payments
These are interest payments made twice a year on a financial instrument, such as a bond.
Coupon Rate
The annual interest rate paid by a bond's issuer to its bondholders, usually expressed as a percentage of the face value.
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