A customer purchases a convertible bond at 90, convertible into the common stock at $40. The common stock is currently trading at $36. The company declares a 25% stock dividend. The bond trust indenture includes an anti-dilution clause. After the ex date for the stock dividend, the conversion price for this bond issue will be:.

$32

Explanation:

Given:

Common stock price = $40

Current trading price = %36

Stock dividend = 25 % = 25/100 = 0.25

Conversion price = ?

Computation of conversion price :

Conversion price = Common stock price / (1 + Stock dividend)  

= $40 / (1 + 0.25)

= $40 / 1.25

Conversion price = $32

Therefore , new Conversion price is $32.

the correct answer is:

it required the president to inform congress within forty-eight hours of any new troop commitment.

the war powers resolution (1973) is a federal law designed to limit the u.s. president’s ability to initiate or intensify military actions abroad without the approval of the congress.

it establishes that the president can send armed forces into action abroad only by declaration of war by congress, statutory authorization, or in case of a national emergency created by attack upon the united states, its territories or possessions, or its armed forces.

it requires the president to notify congress within 48 hours of sending armed forces to military action.