In the October 26, 1992, prospectus summary of the Staples 5% convertible subordinated debentures due 1999, the offering stated: "Convertible into Common Stock at a conversion price of $45 per share . . ." If the par value is $1

000, what is the conversion ratio?

Let us rearrange the equation for conversion price to solve for the conversion ratio. We have:
conversion price = ? conversion ratio = .
Inserting in our given values, we have:
conversion ratio = = = 22.22.

Business

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The employees at the Waycliff Foundation are continuously conducting research on ways to improve facilities and benefits for the impoverished children they care for. They then implement the ideas resulting from their research. This is an example of _____.

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The value of a stock is a function of

A) future returns. B) historic dividend growth rate. C) most recent earnings per share. D) past returns.

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