25 Convertible Bonds You own a callable, convertible bond with a conversion ratio of 500. The equity
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25 Convertible Bonds You own a callable, convertible bond with a conversion ratio of 500. The equity is currently selling for £22 per share. The issuer of the bond has announced a call at a call price of 105 on a face value of £100. What are your options here? What should you do?
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