A company just sold a convertible bond at a par value of $1,000. If the conversion price
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A company just sold a convertible bond at a par value of $1,000. If the conversion price is $58, what is the conversion ratio?
Par ValuePar 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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Related Book For 
Fundamentals of Investments, Valuation and Management
ISBN: 978-1259720697
8th edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
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