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A Bond Has a Face Value of $10,000 and a Conversion

Question 84

Multiple Choice

A bond has a face value of $10,000 and a conversion ratio of 265.The stock is currently trading at $38.80.What is the conversion price?


A) $1.56
B) $5.84
C) $25.73
D) $26.50
E) $37.74

Correct Answer:

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