What is the minimum price or floor price

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Reference no: EM13826058

What is the minimum price (or "floor" price) at which the Neuman's bonds should sell? If the following is true:

Years to maturity: 10 Stock price: $30.00

Par value: $1,000.00 Conversion price: $35.00

Annual coupon: 5.00% Straight-debt yield: 8.00%

$698.15

$734.89

$773.57

$814.29

$857.14

Reference no: EM13826058

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