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Which of the following statements about warrants and convertibles is FALSE?
a. the value of both warrants and convertibles depends on the stock price
b. one primary difference between warrants and convertibles is that warrant sbring in additional funds to the firm when exercised while convertibles reduce debt when exercised.
c. the coupon rate on convertible debt is higher the the coupon rate on simlar straight debt because convertibles are riskier.
d. warrants and convertibles are used by corporations in order to get a lower rate on their debt
Heginbotham Corp. issued 20-year bonds two years ago at a coupon rate of 8.9 percent. The bonds make semiannual payments. If these bonds currently sell for 110 percent of par value, what is the YTM?
Distinguish between the types of bonds. What factors determine their value? Explain three important relationships that exist in bond valuation. Distinguish between preferred stock and common stock. Compare valuing preferred stock and common stock.
Cromwell Enterprises is acquiring Athens, Inc. for $899,000. Athens has agreed to accept annual payments of $210,000 at an interest rate of 8.5 percent. How many years will it take Cromwell Enterprises to pay for this purchase?
Goode Investment Bank agrees to underwrite 1,000,000 CFS Company’s shares on a best efforts basis. It then sells 800,000 shares to the public for $20 each. The agreement is that Goode will charge 1.50 per share sold. How much money does CFS receive? ..
Explain whether users of financial statements should exercise caution when interpreting financial statement compliant with GAAP.
question 1a stock price is currently 100. it is known that in one year it will be either 146 or 80. the risk-free rate
How should intangible assets be disclosed on the balance sheet?
Holding company Scully Corporation holds enough stock in company B to give it voting control of both firms. Consider the accompanying simplified balance sheets for these companies. What percentage of the total assets controlled by Scully Corporation ..
Prepare an APA written paper that includes citations from professional literature relating to Higher Education. Analyze the budget processes of private and public colleges/universities. Analyze the economic/political environment in which budget devel..
Currently interest rates continue to be close to historic lows, resulting in low borrowing costs for consumers. Savers, on the other hand, continue to struggle in this low interest rate environment. Currently a 6 month certificate of deposit pays abo..
Firm S is considering adding a robotic device to its production line. The device base price is $1,038,000.00, and it would cost another $21,500.00 to install it. The machine falls into the MACRS 3-year class (the applicable MACRS depreciation rates a..
You just won the lottery, which promises you $260,000.00 per year for the next 20 years, starting today. That is, this is an annuity due. If your discount rate is 7.00%, what is the "present value" of your winnings?
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