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Series 7 Mastery Certification Exam Questions and CORRECT Answers
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JGH 6.0% bonds are convertible into 25 shares of JGH common stock and are trading at 106. Later, when the JGH common is trading at $42, the bonds are called at 104. Which of the following choices would maximize the investment value for a holder of the JGH convertible bonds, once the call is announced? A) Tender the bonds for the call. B) Convert the bonds into common stock and sell the stock. C) Continue to hold the bonds and receive 6% interest. D) Sell the bonds in the market. - B) Convert the bonds into common stock and sell the stock.
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