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Breuer Investment's convertible bonds have a ( $ 1,000 ) par value and a conversion price of ( $ 55 ) a share. What is

Breuer Investment's convertible bonds have a \$ \\$ 1,000 \$ par value and a conversion price of \$ \\$ 55 \$ a share. What is the convertible issue's conversion ratio? Round your answer to two decimal places. shares

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