NO.PZ201712110200000409
问题如下:
Based on Exhibit 4 and Gillette’s forecast regarding Raffarin’s share price, the return on the RI bond over the next year is most likely to be:
选项:
A.
lower than the return on Raffarin’s common shares.
B.
the same as the return on Raffarin’s common shares.
C.
higher than the return on Raffarin’s common shares.
解释:
A is correct.
Over the next year, Gillette believes that Raffarin’s share price will continue to increase towards the conversion price but not exceed it. If Gillette’s forecast becomes true, the return on the RI bond will increase but at a lower rate than the increase in Raffarin’s share price because the conversion price is not expected to be reached.
老师,我想确认一下,这边说的return 是指,如果可转债以债券形式持有的话,拿到的就是债券的收益, 比如,coupon 或者是利息收入; 如说是转为股票持有,就是拿到的 分红收益 或者是 capital gain 的收益 对吗?