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A company just sold a convertible bond at a par value of $1,000. If the conversion price is $46, what is the conversion ratio? (Round

A company just sold a convertible bond at a par value of $1,000. If the conversion price is $46, what is the conversion ratio? (Round your answer to 2 decimal places.)

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A company just sold a convertible bond at a par value of $1,000. If the conversion price is $46, what is the conversion ratio? (Round your answer to 2 decimal places.)

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