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A bond with a face value of $1000 is convertible to common stock at a conversion ratio of 65. If the stock is currently trading

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A bond with a face value of $1000 is convertible to common stock at a conversion ratio of 65. If the stock is currently trading at $9 per share the value of the bond is probably closest in value to which of the following? A. above $1,538 B. about $553 OC less than $553 D. about $1000

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