practice problem 6-1. picture included 21. Practice Problem 6-1 eBook Suppose...
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practice problem 6-1. picture included 
21. Practice Problem 6-1 eBook Suppose you own a convertible bond that has a conversion ratio equal to 50. Each convertible bond has a face value equal to $1,000. The current market value of the company's common stock is $20, and the bond is selling for $1,030. If you want to liquidate your position today because you need money to pay your rent, should you sell the bond or should you convert the bond into common stock and then sell the stock? Explain your answer. Round your answers to the nearest dollar. Selling the bond would generates Converting the bond and selling the common stock would generate $ Thul, it would be better to Select
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