20 - Multinational corporations a) are business firms owned by shareholders b) might own natural resources in a foreign country c) might own production facilities in another country d) might own distribution facilities in another country e) All of the above 21.- The XYZ Corp. issued $50 million of convertible bonds at par with a 40:1 conversion ratio. What is the value of a share of XYZ's stock if people convert now? a) 40,000 bonds b) $40 c) $25 d) 1,250 shares e) $1,250 20 - Multinational corporations a) are business firms owned by shareholders b) might own natural resources in a foreign country c) might own production facilities in another country d) might own distribution facilities in another country e) All of the above 21.- The XYZ Corp. issued $50 million of convertible bonds at par with a 40:1 conversion ratio. What is the value of a share of XYZ's stock if people convert now? a) 40,000 bonds b) $40 c) $25 d) 1,250 shares e) $1,250