Western Enterprises is considering converting a $1,200 corporate bond. The bond can be converted into 48 shares of the firm's stock. What is the dollar value that the stock must reach before investors would consider converting to common stock? A. $20.00 B. $25.00 C. $30.00 D. $35.00
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- 1. Which of the following assets is most likely to trade over the counter but still have high liquidity? a. A short-term Treasury bond b. A long-term corporate bond c. A short-term corporate bond d. A large-cap stock e. A small-cap stock 2. Assume you purchased 600 shares of XYZ common stock on margin at $35 per share from your broker. If the initial margin is 60%, the amount you borrowed from the broker is closest to _________. a. $8,500 b. $21,000 c. $29,500 d. $12,500 e. $16,000 3. You invest $1,550 in security A with a beta of 1.4 and $1,350 in security B with a beta of 0.4. The beta of this portfolio is closest to _____________ . a. 0.95 b. 0.90 c. 1.35 d. 1.05 e. 1.15 4. Which of the following orders is most likely to increase the difference between the highest bid price and the lowest ask price? a. A large market order b. A large limit order c. A small limit order d. A small market order e. There will be no major difference between these 5. Bond X is worth $91 today.…Is this correct?Consider the following table. Name Stocks Bonds Other Assets Liabilities Outstanding Shares Amount to Invest XYZ $150 million $50 million $300,000 $10 million 5 million $60,000 (a) Find the NAV of one share.$___________ (b) Find the number of shares you can buy when you invest the amount of money shown in the last column of the table. (Enter your answer as a whole number.) __________shares
- Suppose that you just short sold 100 shares of Quiet Minds stock for $86.00 per share. Required: a. If the initial margin requirement is 60%, how much equity must you invest?A stock market comprises 4600 shares of stock A and 1000 shares of stock B. Assume the share prices for stocks A and B are $20 and $40, respectively. If you have $15,000 to invest and you want to hold the market portfolio, how much of your money will you invest in Stock A? A. $12,545.46 B. $10,454.55 C. $4,545.45 O D. $6,272.73You bought a convertible bond issued by Zip Corp which has a conversion ratio of 50 common shares for each $1,000 bond. A) At what stock price per share would you make a profit (“in the money”) if you bought the bond at par? B) What would you expect the bond to sell for in the market if Zip Corp’s stock trades at $28.50 per share?
- Need answer pleaseAssume that an investor buys 100 shares of stock at $37 per share, putting up a 65% margin. a. What is the debit balance in this transaction? b. How much equity funds must the investor provide to make this margin transaction? c. If the stock rises to $59 per share, what is the investor's new margin position? a. The debit balance in this transaction is $ *** (Round to the nearest dollar.)d. What would the percentage rate of return be on this common stock investment? Compare this to the rate of return on the warrant computed when the common stock was selling for $55 per share. Note: Do not round intermediate calculations. Input your answers as a percent rounded to 2 decimal places. Percentage return on stock Percentage return on warrants % %