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6016 6 complete P10.16 (similar to) A certain convertible bond has a conversion ratio of 50 and a conversion premium of 16%. The current market

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6016 6 complete P10.16 (similar to) A certain convertible bond has a conversion ratio of 50 and a conversion premium of 16%. The current market price of the underlying common stock is $39. What is the band's conversioneve The bond's conversion equivalent is $ (Round to the nearest cont.)

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