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ABC stock is selling for $ 3 0 per share and has plans to pay $ 1 in dividends, and the dividends are expected to
ABC stock is selling for $ per share and has plans to pay $ in dividends, and the dividends are expected to grow at the constant growth rate of The company is considering issuing a year convertible bond that would be priced at its $ par value. The bonds would have an annual coupon, and each bond could be converted into shares of common stock. The required rate of return on an otherwise similar nonconvertible bond is What is the estimated floor price of the convertible at the end of Year
A $
B $
$
D $
E $
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