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A convertible bond has a zero coupon rate and a 10 year life. Bonds in the same risk class are sold to yield 7%.

A convertible bond has a zero coupon rate and a 10 year life. Bonds in the same risk class are sold to yield 7%. This bond is convertible to 50 shares of stock and the current stock price is 16. What is the price of the bond? | Compute the annualized rate of return for an investment with the following returns. Year Return (B) 123 + 20% -20% -10% 4 30%

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