Question
A convertible bond has a conversion ratio of 28 and a par value of $1,000. What is the conversion price? (Round your answer to 2
A convertible bond has a conversion ratio of 28 and a par value of $1,000. What is the conversion price? (Round your answer to 2 decimal places. Omit the "$" sign in your response.)
Conversion price:
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Financial Markets and Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
8th edition
013342362X, 978-0133423624
