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A convertible bond had a face value of $1,000 and a conversion ratio of 50. This bond will sell at a premium when which if

A convertible bond had a face value of $1,000 and a conversion ratio of 50. This bond will sell at a premium when which if the following occurs? a) when market rates fall below then bonds coupon rate b) when the firms stock sells for More than $20 a share c) when market rates rise above the bonds coupon rate d) a and b

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