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A convertible bond has a par value of $ 1 , 0 0 0 and a current market value of $ 8 5 0 .
A convertible bond has a par value of $ and a current market value of $ The current price of the issuing firm's stock is $ and the conversion ratio is shares. The bond's conversion premium is
a $
b $
c $
d $
e None of the options are correct.
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