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2 pts. Alphabet, Inc. included a call provision in these bonds such that they can repurchase the bonds at any point after June 1.2023 How
2 pts. Alphabet, Inc. included a call provision in these bonds such that they can repurchase the bonds at any point after June 1.2023 How does this call option affect the price of the bonds relative to anotherwise ecual convertible bond without the call provision Reduce the price Increase the ance Wouldn't change the price Issuer: Alphabet Issue Date: 1 December 2020 Maturity Date: 1 December 2027 Interest: 1.5% payable semi-annually on 1 Dec and 1 June Issue Size: $1.000.000.000 Par Value: $1,000 Conversion Ratio: 33.84 (based on $1.000 par value) Convertible Bond Price on beginning of day, 1 December 2020: 108.76% of par) Share Price on 1 December 2020, market open: 18.25
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