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Question
What is the conversion ratio of a $1,000 bond convertible at $27 per share? The coupon rate is 10% and the market rate 12%. This company's common stock is currently trading at $23 per share.A.37.04 shares
B.43.478 shares
C.83 shares
D.35.2 shares
Answer
This answer is hidden. It contains 22 characters.
Related questions
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