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

A convertible bond has a face value of $1,000 and a conversion ratio of 50. This bond will sell at a premium when which of the following occurs? A. when market rates fall below the bond's coupon rate O B. when the firm's stock sells for more than $20 per share C. when market rates rise above the bond's coupon rate O D. A and B

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