B错在哪里了？

问题如下：

Hsu selects the two bonds issued by Whorton, Inc. given in the Exhibit below. These bonds are close to their maturity date and are identical, except that Bond #9 includes a conversion option. Whorton’s common stock is currently trading at $30 per share.

The minimum value of Bond 9 is equal to the greater of:

选项：

A.

the conversion value of Bond 9 and the current value of Bond 10.

B.

the current value of Bond 10 and a call option on Whorton’s common stock.

C.

the conversion value of Bond 9 and a call option on Whorton’s common stock.

解释：

A is correct.

考点：对可转债的理解

解析 ： 可转换债券的最小价值为 ： 可转债的转换价值和纯债券的当前价值 （ 即债券10 ） 中的较大者 。 由于该可转债的Conversion price为50 ， 而当前公司的股票价格为30 ， 因此可转债的价值为债券价值 ， 因此选择A选项 。