You own a bond with a face value of $1000 and a conversion ratio of 45.The conversion price is closest to:
A)$18.
B)$22.
C)$45.
D)$1000.

Name: You own a bond with a face value of $1000 and a conversion ratio of 45.The conversion price is closest to: A)$18. B)$22. C)$45. D)$1000.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

To find the conversion price, divide the face value of the bond ($1000) by the conversion ratio (45). This gives a conversion price of approximately $22.22, which is closest to answer choice B of $22.

You Own a Bond with a Face Value of $1000