Xinfeng Convertible Bonds do not plan to support the stock price. He ultimately cannot even raise 1.2 billion yuan to repay the debt. So, where is the gamble?
After the forced redemption announcement, the stock and bond prices plummeted, and the 1.2 billion convertible bonds remained unconverted. Since the company has no funds to repay the debt, what actions should the company take next?
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Xinfeng Convertible Bonds do not plan to support the stock price. He ultimately cannot even raise 1.2 billion yuan to repay the debt. So, where is the gamble?
After the forced redemption announcement, the stock and bond prices plummeted, and the 1.2 billion convertible bonds remained unconverted. Since the company has no funds to repay the debt, what actions should the company take next?