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19) A bond with a face value of $1000 is convertible to common stock at a conversion ratio of 60 stock is currently trading at

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19) A bond with a face value of $1000 is convertible to common stock at a conversion ratio of 60 stock is currently trading at $8.20 per share, the value of the bond is probably closest in valu which of the following? A) about $1000 B) about $492 C) less than $492 D) about $508 E) above $1666

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