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A convertible bond with a 4% annual coupon, has a conversion ratio of 25 and presently trades at a quote of 96 each, while underlying

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A convertible bond with a 4% annual coupon, has a conversion ratio of 25 and presently trades at a quote of 96 each, while underlying common stock sells for $32 per share, but pays no dividends. What is the bonds payback years

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