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A 1 0 - year convertible bond has a coupon rate of 5 % and the yield to maturity is 3 % can be converted

A 10-year convertible bond has a coupon rate of 5% and the yield to maturity is 3% can be converted into 25 shares of stock. Current stock price is $40 and it is expected to grow at 4% per year. Approximately, when this convertible bond will most likely be converted into 25 shares of common stock? Please support your answers with calculations

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