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23. GOV has convertible notes that are trading at par ($1,000 per note) and have a coupon of 3.6%. They pay interest annually and mature
23. GOV has convertible notes that are trading at par ($1,000 per note) and have a coupon of 3.6%. They pay interest annually and mature in 5 years. Each note is convertible into 40 shares of common stock. GOV's stock is currently trading at $28 per share. If you own these GOV notes, do you wany to convert them into equity? Why or why not? (10 pts) Yes + Explanation
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