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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 the convertible issue's conversion ratio? Round

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. O 18.18 0 20.62 O 30.15 15.20

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