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Calculate the conversion price

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During the past 2 years Meacham Industries issued three separate convertible bonds. For each of them, calculate the conversion price:

a. A $1,000-par-value bond that is convertible into 10 shares of common stock.

b. A $2,000-par-value bond that is convertible into 20 shares of common stock.

c. A $1,500-par-value bond that is convertible into 30 shares of common stock.

Reference no: EM131109951

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Calculate the conversion price : During the past 2 years Meacham Industries issued three separate convertible bonds. For each of them, calculate the conversion price: a. A $1,000-par-value bond that is convertible into 10 shares of common stock. b. A $2,000-par- alue bond that is co..
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