Log On America Case Solution
Comparing expenses and advantages of drifting valued convertibles with various other techniques of funding such as financial obligation, capital and exchangeable with a repaired conversion cost. Behaving as an "skilled witness" within the suit in between LOA and CSFB: exactly what is the reason for the stock cost decrease? Worth floating-priced exchangeable under other presumptions about deal style.
This instance talks about the possible advantages and expenses of providing floating-priced modifiable, likewise described as "death spirals". These are modifiable where the transformation rate is a discount rate from the marketplace cost in a look-back duration. The monitoring for Log on America is really blaming financial investment banks and exchangeable financiers for the inventory rate collapse right after the exchangeable was provided.
published: 15 Apr 2002
This is just an excerpt. This case is about Finance
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