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24. NET common shares are currently trading at $20 per share. NET convertible preferred shares with a par value of $50, currently trade for $60

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24. NET common shares are currently trading at $20 per share. NET convertible preferred shares with a par value of $50, currently trade for $60 in the market and are convertible into 2.4 common shares. The convertible has a dividend yield of 2.0%. As a result, the preferred share's conversion cost premium is... a) 20% b) 23% c) 25% d) 27%

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