A convertible bond is purchased at its face value and convertible at $125.00. What is the conversion ratio?

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26-07-2022
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A convertible bond is purchased at its face value and convertible at $125.00. What is the conversion ratio?

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Parrain Parrain · Answer 1 · 2022-08-05T19:27:36+02:00

The fact that a convertible bond was purchased at its face value and also has a conversion value of $125 means that it's conversion ratio is 8.

How is the conversion ratio found?

The conversion ratio is found by the formula:

= Face value of bond / Conversion price

When the face value of a bond is not given, assume that the value is $1,000.

The conversion ratio is therefore:

= 1,000 / 125

= 8

Find out more on the conversion ratio at https://brainly.com/question/14308321

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