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A bond is convertible for 1 2 shares of stock. The YTM of the bond is 7 . 3 6 % and the coupon rate
A bond is convertible for shares of stock. The YTM of the bond is and the coupon rate is and has years to maturity. The company was recently downgraded from BBB to BB At what price per share of stock would you need for the shares of stock to be equal in value to the bond?
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