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Allie Cats, Inc. a pet store chain has issued convertible bonds. The bonds have a face value of $ 1,000 and are convertible at $23.00

Allie Cats, Inc. a pet store chain has issued convertible bonds. The bonds have a face value of $ 1,000 and are convertible at $23.00 per share. The bond is now priced at $945 and has a coupon rate of 6%. What is the conversion ratio for the bond

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