1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Kitty [74]
2 years ago
5

Jorge bought APJ Inc.’s convertible bond at par ($1,000) with a yield of 3.25%. This bond had a conversion ratio of 25:1 at the

price of $40 per share. If APJ Inc.’s shares are currently trading at $48 per share, should Jorge convert his bond into shares?
Mathematics
1 answer:
xenn [34]2 years ago
5 0

The total amount you receive is lower than the bond par value, so today you shouldn't convert.

Following are the calculation to the given question:

  • At a <em><u>price of $40 per share</u></em><u>, </u>the bond had a 25:1 conversion ratio
  • Total Conversion Value = $40 × 25 = $1,000
  • The value of the Conversion is $1,000 which is the Par bond value.
  • Present bond price = $35.

If today you're converting,

  • Total receiving amount = $35 ×25 = $875

So, the total amount you receive is lower than the bond par value, so today you shouldn't convert.

Learn more:

brainly.com/question/20378798

You might be interested in
jenna has a piece of paper that is 84 square inches in area. it is 10 1/2 inches long. what is the length of the piece of paper
skad [1K]
Here is the solution based on the given problem above.
Given: Area of the piece of paper = 84 square inches
           Width = 10 1/2 or 10.5 inches long
           ? = length of the piece of paper
To find the area of an object, the formula would be A= L x W
Now, let's substitute the given values above
84in2 = L(10.5in)
Now, divide both sides with 10.5 and we get 8.
L = 8 inches.
Therefore, the length of the paper is 8 inches. 
Hope this solution helps. 
4 0
3 years ago
Solve -5(8 – 0.5x) = -2(3 – 0.4x) HELP ASAP
svetlana [45]

Answer:

20

Step-by-step explanation:

if you want a explanation ask for it :)

6 0
2 years ago
Need help on this thank you
krok68 [10]

Answer:

a=7

Step-by-step explanation:

24^2+a^2=25^2

576+a^2=625

49=a^2

a=7

5 0
3 years ago
Hello i really need help on this its just 3 short question pls dont answer if you dont know it
Veseljchak [2.6K]

Answer:

1.  m = 60

2. k = 55

3. v  =  182

8 0
2 years ago
Read 2 more answers
PLS PLS PLS PLSSSSS HELPPPP
ioda

Answer: 14

Step-by-step explanation:

Okay so it asks in all, which means morning distance + afternoon distance

We got the afternoon distance so now we have to find the morning one

it says the afternoon distance (6), is 25% less than the morning distance.

Which means the afternoon distance is 0.75 of the morning distance.

so 0.75x = 6, x = 6/0.75 = 8

Then you add 8 to 6 to get 14

6 0
3 years ago
Other questions:
  • Perform the indicated operation. -10 + 15 <br><br> -5 <br> 5 <br> 25 <br> -25
    9·1 answer
  • Sarah has completed the first few steps for constructing the inscribed circle for triangle ABC. She started by constructing the
    13·2 answers
  • Solve the equation.<br> 8 – 2x = -8х + 14<br> A) x= -1<br> B) x= -3/5<br> C) x= 3/5<br> D) x= 1
    15·2 answers
  • <img src="https://tex.z-dn.net/?f=%20%5Cfrac%7B1%7D%7B4%7D%20%20%2B%20%20%5Cfrac%7B1%7D%7B4%7D%20%20%2B%20x%20-%20%20%5Cfrac%7B3
    14·1 answer
  • Joaquín invirtió su dinero a 12% y a 15% obteniendo unos intereses de $3000. Si las cantidades que invirtió hubieran sido interc
    5·1 answer
  • 1/3x=5/12 show your work
    11·1 answer
  • Does choosing a blue marble represent the complement event of choosing a red marble? Explain.
    8·2 answers
  • I'm not quite sure what an outlier is :/
    13·2 answers
  • Use a standard inch ruler to answer this question
    12·1 answer
  • In Texas the state sales
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!