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1 point Consider a convertible bond trading at $1,000 with a coupon rate of 9.5%,10 years to maturity, and a par value of $1,000. If

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1 point Consider a convertible bond trading at $1,000 with a coupon rate of 9.5%,10 years to maturity, and a par value of $1,000. If comparable nonconvertible bonds yield 18.7%, what is the premium over straight value? 69.39% 16.41% 51.19% 38.98%

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