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A convertible bond has a par value of $1000 and is selling for $935. It is convertible into 20 shares of the issuers stock. What
A convertible bond has a par value of $1000 and is selling for $935. It is convertible into 20 shares of the issuers stock. What is the conversion price of the stock?
- A. $50
- B. $25
- C. $20
- D. $46.75
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Public Finance
Authors: Richard W. Tresch
4th Edition
0128228644, 978-0128228647
