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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.
(c) 0.50.
(d) 1
(e) dont know.
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