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11. Casabalance Inc. issued OMR 120,000 10-year 9 per cent coupon bonds with a par value of OMR 100. Each bond is convertible into 50

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11. Casabalance Inc. issued OMR 120,000 10-year 9 per cent coupon bonds with a par value of OMR 100. Each bond is convertible into 50 shares of the company shares, which are currently trading at OMR 1.65. a. What is the conversion price? (1 Mark) b. What is the conversion premium? (1 Mark) C. What is the conversion value of the bond? (1 Mark)

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