[商管] [財管]-東華94-國經所
Which of the following statements about convertibles is true?
A. The coupon interest rate on convertibles is generally higher than on
straight debt.
B. New equity funds are raised by the issuer when convertibles are converted.
C. Investors are willing to accept lower interest rates on convertibles
because they are less risky than straight debt.
D. At issue, a convertible's conversion (exercise) price is often set equal
to the current underlying stock price.
E. None of the above statements is true.
Ans:E
請問B、C、D分別是錯在哪呢?!
還有一個敘述
Other things equal, if dividend payments rise, bond holders are more likely
to convert before maturity.
這個敘述為什麼是對的呢?!
股利增加，不是會造成股價下跌嗎?!為什麼還會轉換呢?!
感謝~~
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