A bond has a face value of $10,000 and a conversion price of $37.74.The stock is currently trading at $38.80.What is the conversion ratio?

Name: A bond has a face value of $10,000 and a conversion price of $37.74.The stock is currently trading at $38.80.What is the conversion ratio?
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The Answer of A bond has a face value of $10,000 and a conversion price of $37.74.The stock is currently trading at $38.80.What is the conversion ratio?

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