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A convertible bond is always worth (remember to choose the best answer): Select one: a. the conversion value b. whichever is greater: the conversion value

A convertible bond is always worth (remember to choose the best answer): Select one:

a. the conversion value

b. whichever is greater: the conversion value or straight bond value

c. the straight debt value

d. the convertible premium

e. none of the answers is correct

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