A convertible bond with a par value of $1,000 has a conversion ratio of 16.4. What is

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A convertible bond with a par value of $1,000 has a conversion ratio of 16.4. What is the conversion price?

Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...
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Corporate Finance

ISBN: 978-1259918940

12th edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan

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