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fin.convertible-bond-parity Calculator
Calculates the conversion value, conversion parity, and conversion premium for a convertible bond from the bond price and stock price. A convertible trades above both straight bond value and conversion value — the premium reflects the embedded call option on the stock.
Inputs
Bond Face Value
The nominal value printed on the bond — what the issuer repays at maturity. Bonds trade above (premium) or below (discount) face value depending on interest rates.
Conversion Ratio
Reference formula or conversion factor shown for context.
Stock Price
Current price per share. Used in P/E ratios, options pricing, and market cap calculations.
Coupon Rate Pct
Annual interest a bond pays on its face value. A 5% coupon on a $1,000 bond pays $50/year regardless of what the bond trades for in the market.
Results
conversion value ($)
The computed numeric or monetary value.
conversion parity
Sample size or count used in the calculation.
premium/(discount) to par
The price paid for the option or insurance coverage. Option premium = intrinsic value + time value + volatility premium.