In this question while calculating for convertible premium per share for convertible bonds, to calculate conversion price they are dividing par value of bonds by conversion ratio and not using current market price of bond which is $947...
I am confused here? what to use par value or current market value作者: benbenxiong 时间: 2011-7-13 16:22
thats funny because in a different problem, they totally use market price/shs= price作者: hassan 时间: 2011-7-13 16:22
yes even in CFA books they are using market price...
could you please read the question once...may be I am misreading though I am sure作者: kickthatcfa 时间: 2011-7-13 16:22
