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A convertible bond was issued with a conversion price of $32.09, when its shares were trading at $18. Subsequently, the stock price rose to $79.58.
A convertible bond was issued with a conversion price of $32.09, when its shares were trading at $18. Subsequently, the stock price rose to $79.58. How much is the investor's profit with this new stock price?
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Finance And Financial Markets
Authors: Keith Pilbeam
3rd Edition
023023321X, 978-0230233218
