CIMA F3 Question Answer
A company has 8% convertible bonds in issue. The bonds are convertible in 3 years time at a ratio of 20 ordinary shares per $100 nominal value bond.
Each share:
• has a current market value of $5.60
• is expected to grow at 5% each year
What is the expected conversion value of each $100 nominal value bond in 3 years' time?
CIMA F3 Summary
- Vendor: CIMA
- Product: F3
- Update on: Jul 29, 2025
- Questions: 435
