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A convertible bond has a face value of $1000 and a conversion ratio of 33. What is the conversion price? A. $32.50 B. $33.00 C.

A convertible bond has a face value of $1000 and a conversion ratio of 33. What is the conversion price?

A. $32.50

B. $33.00

C. $30.00

D. $30.30

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