Ask Question
27 September, 10:50

On Friday Huron Investments stock closes at $5.35. The Huron Investments 8.125% Convertible debenture maturing September 13, 2044 closes at 239.320. After the closing bell Huron Investments announces that the debenture will be called at 111.250. The debenture is convertible into common stock at $5 per share. A $1,000 bond is now worth?

+3
Answers (1)
  1. 27 September, 11:02
    0
    Solution:

    Investment stock price = $5.35

    Debenture is convertible at $5 per share

    The worth of $1000 bond = (1000/5) * 5.35 = $1070
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “On Friday Huron Investments stock closes at $5.35. The Huron Investments 8.125% Convertible debenture maturing September 13, 2044 closes at ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers