Hello,
I had a question on the exam like:
Convertable 9.5% loans, redeemable after 5 year with 7%redemption yield. They can be converted into 10 shares. Current share price 12$. What is the premium per share?
As I recollected correct..
Answers:
1) 0.45 2) 12.45 3) 124 4) 4.51
How should I calculate it?
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Redemption yield
6y ago#1I cannot possibly answer exam questions without having seen the exact question (which I have not done it you are referring to todays exam).
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