这题要咋算

问题如下：

If DILO’s share price on the Frankfurt Stock Exchange were to rise to EUR 75, the bond’s conversion value would be:

选项：

A.

EUR 1,000

B.

EUR 15,000

C.

EUR 75,000

解释：

A is correct. The conversion value of a bond equals its par value if the current share price and conversion price are equal.

Conversion ratio = Convertible bond par value/Conversion price.

We know that

Conversion value = Conversion ratio × Current share price.

Or, after rearranging,

Conversion ratio = Conversion value/Current share price,

which can be substituted into the lefthand side of the first equation:

Conversion value/Current share price

= Convertible bond par value/Conversion price.

If Current share price = Conversion price, then Conversion value

= Convertible bond par value.