What was parity formula?
It also included a “parity formula,” by which representation in the National Assembly for East and West Pakistan would be decided on a parity, rather than population, basis.
How do you calculate convertible debt?
Convertible debt is a debt hybrid product with an embedded option that allows the holder to convert the debt into equity in the future. The ratio is calculated by dividing the convertible security’s par value by the conversion price of equity.
How do you value a convertible bond example?
A convertible bond’s conversion value represents what the convertible bond is worth if it is converted into stock. The conversion value is calculated by multiplying the stock price by the conversion ratio, which is the number of shares received per bond.
What was the formula of Muhammad Ali Bogra?
Bogra Formula A total of 300 seats were to be reserved for the National Assembly on the basis of proportionate representation and 50 for the Senate that would be equal representation for all the five provinces of the country.
Who wrote 1962 constitution of Pakistan?
The commission was headed by the former Chief Justice of Pakistan, Muhammad Shahabuddin, and had ten other members, five each from East Pakistan and West Pakistan, composed of retired judges, lawyers, industrialists and landlords.
What is convertible bond par value?
As with most bonds, par value—the face value of the bond—is usually $1,000. The issuing company pays interest on the bond, which is called the coupon rate. If a convertible bond with a par value of $1,000 has a 6% coupon, it pays 6% annually ($60) or 3% ($30) semi-annually.
How are convertible bonds accounted for?
The liability portion of the convertible bonds is the present value of the future cash flows, calculated by discounting the future cash flows of the bonds (interest and principal) at the market rate of interest with the assumption that no conversion option is available.
How are convertible bonds calculated?
The conversion price of the convertible security is the price of the bond divided by the conversion ratio. If the bonds par value is $1000, the conversion price is calculated by dividing $1000 by 5, or $200. If the conversion ratio is 10, the conversion price drops to $100.
What is parity in convertible bonds?
Parity is the price at which it becomes profitable for investors to convert their convertible bonds into shares of common stock. Parity can also be used to compare the value of two currencies.
Who is the second PM of Pakistan?
National Assembly of Pakistan
| S/No | Name | Tenure |
|---|---|---|
| 1 | Mr. Liaqat Ali Khan | 15-08-1947 To 16-10-1951 |
| 2 | Khawaja Nazimuddin | 17-10-1951 To 17-04-1953 |
| 3 | Mr. Mohammad Ali Bogra | 17-04-1953 To 11-08-1955 |
| 4 | Ch. Mohammed Ali | 11-08-1955 To 12-09-1956 |
Who abrogated 1956 constitution of Pakistan?
On 7 October 1958, President Iskander Mirza staged a coup d’état. He abrogated the constitution, imposed martial law and appointed General Muhammad Ayub Khan as the Chief Martial Law Administrator and Aziz Ahmad as Secretary General and Deputy Chief Martial Law Administrator.
Who abrogated 1956 Constitution?
President Iskander Mirza
On 7 October 1958, President Iskander Mirza staged a coup d’état. He abrogated the constitution, imposed martial law and appointed General Muhammad Ayub Khan as the Chief Martial Law Administrator and Aziz Ahmad as Secretary General and Deputy Chief Martial Law Administrator.