Convertible Bond Calculator
Calculate conversion value, premium, and analyze convertible bond investment scenarios.
Bond Details
$
%
$
years
Conversion Terms
shares per bond
$
%
Conversion Value
$900.00
Out-of-the-Money - Moderate premium - Balanced hybrid
Conversion Premium
$150.00
Conversion Price
$50.00
Value Components
Straight Bond Value
$1,044.52PV of coupons + face
Implied Option Value
$5.48 (0.5%)Conversion privilege
Bond Price$1,050.00
Income & Premium Analysis
Annual Coupon$50.00
Current Yield4.76%
Investment Premium$50.00 (5.0%)
Break-Even Period3.0 years
Conversion Details
Conversion Ratio20 shares
Conversion Price$50.00
Current Stock Price$45.00
MoneynessOut-of-the-Money
Stock Price Scenarios at Maturity
$31.50(-30%)
+19.0%Redeem
$38.25(-15%)
+19.0%Redeem
$45.00(+0%)
+19.0%Redeem
$51.75(+15%)
+22.4%Convert
$58.50(+30%)
+35.2%Convert
$67.50(+50%)
+52.4%Convert
Conversion Value: 20 shares × $45.00 = $900.00. Premium of $150.00 (16.7%) over parity.