NO.PZ2018123101000081
问题如下：
Hsu selects the two bonds issued by Whorton, Inc. given in the Exhibit below. These bonds are close to their maturity date and are identical, except that Bond #9 includes a conversion option. Whorton’s common stock is currently trading at $30 per share.
The minimum value of Bond 9 is equal to the greater of:
选项：
A.the conversion value of Bond 9 and the current value of Bond 10.
B.the current value of Bond 10 and a call option on Whorton’s common stock.
C.the conversion value of Bond 9 and a call option on Whorton’s common stock.
解释：
A is correct.
考点：对可转债的理解
解析 ： 可转换债券的最小价值为 ： 可转债的转换价值和纯债券的当前价值 （ 即债券10 ） 中的较大者 。 由于该可转债的Conversion price为50 ， 而当前公司的股票价格为30 ， 因此可转债的价值为债券价值 ， 因此选择A选项 。
答案把股价拉进来比较为啥？不是取转换价VS相同不含权债券当前价中的较大者吗？题目没说不含权债的当前价值呀？
