A convertible bond is valued at $1,062,has a conversion ratio of 25,and an option premium of $3.What is the conversion value if the straight bond value is equal to the bond's par value?
A)$1,062.00
B)$1,042.36
C)$1,059.00
D)$1,042.48
E)$1,065.00

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The Answer of A convertible bond is valued at $1,062,has a conversion ratio of 25,and an option premium of $3.What is the conversion value if the straight bond value is equal to the bond's par value?
A)$1,062.00
B)$1,042.36
C)$1,059.00
D)$1,042.48
E)$1,065.00

A Convertible Bond Is Valued at $1,062,has a Conversion Ratio