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A convertible bond has a $1,000 face value and a conversion ratio of 21. What is the conversion price? (Round your answer to 2 decimal
| A convertible bond has a $1,000 face value and a conversion ratio of 21. What is the conversion price? (Round your answer to 2 decimal places. Omit the "$" sign in your response.) |
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Money And Capital Markets
Authors: Peter Rose, Milton Marquis
10th Edition
0077235800, 9780077235802
