Question
13. The conversion ratio is the: a. price at which a convertible security is exchanged into common stock. b. ratio of conversion value to market
13. The conversion ratio is the:
a. price at which a convertible security is exchanged into common stock.
b. ratio of conversion value to market value of a convertible security.
c. number of shares of common stock that the convertible debt may be converted into.
d. ratio of the conversion premium to market value of a convertible security.
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Economics For Financial Markets
Authors: Brian Kettell
1st Edition
0750653841, 978-0750653848
