e. The bonds originally sold for $1,000. If interest rates on A-rated bonds had remained constant at

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e. The bonds originally sold for $1,000. If interest rates on A-rated bonds had remained constant at 8.75% and if the stock price had fallen to $32.75, then what do you think would have happened to the price of the convertible bonds? (Assume no change in the standard deviation of stock returns.)pg.12

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