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A 4 % annual coupon convertible bond has 1 4 years to maturity, a $ 1 , 0 0 0 par value and is priced
A annual coupon convertible bond has years to maturity, a $ par value and is priced at $ This bond can be converted into shares of common. The common currently sells for $ per share and pays a $ quarterly dividend per share. Similar bonds that are not callable yield
What is the bond's conversion equivalent?
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