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7 por Sam has a convertible bond with a face value of $1,000 that can be converted into 40 shares of common stock of Mountain

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7 por Sam has a convertible bond with a face value of $1,000 that can be converted into 40 shares of common stock of Mountain Ice Corporation If the current price of the stock is $20, what is the conversion price of the bond? And if current stock price of the firm is $19, will you exercise convertible option or not? Why or why not? TT I Arial 3 (12) T.EE

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