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A bond that's currently selling for $962.48 has a conversion price of $50.00. If the par value is $1,000, what's the conversion ratio? Question 17

A bond that's currently selling for $962.48 has a conversion price of $50.00. If the par value is $1,000, what's the conversion ratio? Question 17 options: A) 20 B) 40 C) 15 D) 25

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