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4. ABC PLC has issued a convertible bond successfully. The terms of the bond are as follows Par value of each bond 100 Conversion ratio

4. ABC PLC has issued a convertible bond successfully.

The terms of the bond are as follows

Par value of each bond 100

Conversion ratio 50

Conversion premium 100%

What is ABCs share price at issue?

(a) 2.

(d) 1

(e) dont know.

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