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Posted on May 19, 2024

A $ 1 , 0 0 0 face value convertible bond has a conversion ratio of 3 7 and is about to mature. Ignoring any

A $

1, 000

face value convertible bond has a conversion ratio of

37

and is about to mature. Ignoring any transaction

costs, what price must the stock surpass in order for you to

convert?

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