The conversion ratio is the ratio at which a convertible security can be exchanged for a nonconvertible security.

Name: The conversion ratio is the ratio at which a convertible security can be exchanged for a nonconvertible security.
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The conversion ratio is the ratio at which a convertible security (like convertible bonds or preferred shares) can be converted into a different form of security, typically common stock, not a nonconvertible security.

The Conversion Ratio Is the Ratio at Which a Convertible