The holders of Mikayla Corporation's bonds with a face value of $1,000 each can exchange a bond for 20 shares of stock.The stock is selling for $49.40 a share.What is the conversion premium?
A)0 percent
B)1.33 percent
C)1.21 percent
D)−1.33 percent
E)1.67 percent

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The Answer of The holders of Mikayla Corporation's bonds with a face value of $1,000 each can exchange a bond for 20 shares of stock.The stock is selling for $49.40 a share.What is the conversion premium?
A)0 percent
B)1.33 percent
C)1.21 percent
D)−1.33 percent
E)1.67 percent

The Holders of Mikayla Corporation's Bonds with a Face Value