资本市场运作之债券市场概述.ppt

Example: Compute and interpret the market conversion premium per share of the BSC bond. Answer: Market conversion premium per share= market conversion price per share– market price Since BSC is selling for $35 per share, the market conversion premium per share for the BSC bond is: $4.40=$39.40- $35. This can be interpreted as the premium that the investors are willing to pay for the chance that the market that the market price of the stock will rise above the market conversion price. Example: Compute and interpret the market conversion premium ratio of the BSC bond. Answer: Market conversion