What is the minimum value on a bond with market value of $900, conversion value of $800, and pure bond value of $650?

Name: What is the minimum value on a bond with market value of $900, conversion value of $800, and pure bond value of $650?
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Question

Quizplus · Accepted Answer

The minimum value of a bond is the highest of its pure bond value, conversion value, or market value. In this case, the pure bond value is the lowest at $650, so it represents the minimum value the bond can have.

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