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A bond has a face value of $10,000 and a conversion ratio of 150. The stock is currently trading at $70. What is the conversion

A bond has a face value of $10,000 and a conversion ratio of 150. The stock is currently trading at $70. What is the conversion price?

0 $66.67

O $70

O $80

  • $150
  • $37.74

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