Hilton Hotels Corp. has a convertible bond issue outstanding. Each bond, with a face value of $1,500, can be converted into common shares at a rate of XXXXXXXXXXshares of stock per $1,500 face value...

Hilton Hotels Corp. has a convertible bond issue outstanding. Each bond, with a face value of $1,500, can be converted into common shares at a rate of 61.3003 shares of stock per $1,500 face value bond (the conversion rate), or $24.4697 per share. Hilton%u2019s common stock is trading (on the NYSE) at $24.05 per share and the bonds are trading at $1,475.











Change in the bond’s price in dollars?$

Change in the bond’s price in percentage?


May 26, 2022
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