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A certain convertible bond carries a par value of $1,000 and a conversion ratio of 25. If the issue is quoted at 148 while the
A certain convertible bond carries a par value of $1,000 and a conversion ratio of 25. If the issue is quoted at 148 while the stock trades at $56, the bond's conversion premium equals a. $93.50. b. $80.00. c. $90.00. d. $65.50.
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