轨迹 · 2020年11月23日
问题如下：
A convertible bond has following features:
Face value: $ 900,000
Price: $1,000,000
Conversion ratio: 30:1
Price of underlying stock: $30,000
The conversion condition for the bond is:
选项：
A. Parity.
B. Above parity.
C. Below parity.
解释：
C is correct.
Conversion value: 30,000 x 30 = $900,000.
The price of the convertible bond is $1,000,000.
Conversion value < the bond's price, so it's condition is below parity
什么是“conversion condition”？计算上不是很明白这个公式，conversion value=conversion ratio*current share price=30*30,000=900,000 current share price是说一股的价格么？ conversion ratio是说一个债对应 30 个股，这里也没说是多少份债券啊，为啥可以直接这样乘呢？
Above parity. Below parity. is correct. Conversion value: 30,000 x 30 = $900,000. The priof the convertible bonis $1,000,000. Conversion value < the bons price, so it's contion is below parity请问本题中favalue指什么？不是应该和favalue 比吗？
请问题干中的price是指当前股价还是conversion price呀？
请教Conversion value 公式
