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ABC PLC has issued a convertible bond successfully. The terms of the bond are as follows Par value of each bond £100 Conversion ratio 50 Conversion premium 100% What is ABC’s share price at

ABC PLC has issued a convertible bond successfully.

The terms of the bond are as follows

Par value of each bond £100

Conversion ratio 50

Conversion premium 100%

What is ABC’s share price at issue?

(a) £2.

(c) £0.50.

(d) £1

(e) don’t know.

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Jun 24 2021 View more View Less

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