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11. Chase buys a convertible bond with a conversion ratio of 25. If the conversion value is presently $806.25, what is the value of the

11. Chase buys a convertible bond with a conversion ratio of 25. If the conversion value is presently $806.25, what is the value of the stock? A) $30.25 B) $32.25 C) $25.00 D) $806.25

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