Convertible bonds maple aircraft has issued a 4¾% convertible subordinated debenture due 2020. the conversion price is $47.00 and the debenture is callable at 102.75% of face value. the market price of the convertible is 91% of face value, and the price of the common is $41.50. assume that the value of the bond in the absence of a conversion feature is about 65% of face value. a. what is the conversion ratio of the debenture? b. if the conversion ratio were 50, what would be the conversion price? c. what is the conversion value? d. at what stock price is the conversion value equal to the bond value? e. can the market price be less than the conversion value? f. how much is the convertible holder paying for the option to buy one share of common stock? g. by how much does the common have to rise by 2020 to justify conversion? h. when should maple call the debenture?

Which of the following statements is not correct? 1) trade allows for specialization. 2) trade has the potential to benefit all nations. 3) trade allows nations to consume outside of their production possibilities curves. 4) absolute advantage is the driving force of specialization.

12. nelson corporation, which has only one product, has provided the following data concerning its most recent month of operations: selling price $ 115 units in beginning inventory 380 units produced 5,900 units sold 6,070 units in ending inventory 210 variable costs per unit: direct materials $ 46 direct labor $ 27 variable manufacturing overhead $ 3 variable selling and administrative $ 12 fixed costs: fixed manufacturing overhead $ 112,100 fixed selling and administrative $ 36,420 the company produces the same number of units every month, although the sales in units vary from month to month. the company's variable costs per unit and total fixed costs have been constant from month to month. a. prepare a contribution format income statement for the month using variable costing. unit product cost under variable costing direct materials direct labor variable manufacturing overhead variable costing unit product cost (formula)

Synovec co. is growing quickly. dividends are expected to grow at a rate of 24 percent for the next three years, with the growth rate falling off to a constant 7 percent thereafter. if the required return is 11 percent, and the company just paid a dividend of $2.05, what is the current share price? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)