Runner9754 Runner9754
  • 17-12-2022
  • Business
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van gogh furniture has issued a zero-coupon 10-year bond that can be converted into 10 van gogh shares. comparable nonconvertible bonds are yielding 8%. van gogh stock is priced at $50 a share. if you had to make a now-or-never decision on whether to convert or stay with the bond, which would you do? assume a face value of $1,000 per bond.

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