Assertion: convertible bond's conversion price | /r/HasProperty | 50 per share
Facets:
Source sentences:
text: Assuming that the bond’s ratio at the time of the conversion is $500, and its conversion ratio is 10 shares per bond, then the market conversion price for the shares would be $50 per share.
text: For example, if the bond is issued at a $1,000 price and is convertible into 20 shares of common stock, the conversion price for the shares will be $50 per share (price divided by convertible shares).