Chicopee Inc issued convertible bonds at $1,000 par value some time ago At any time prior to maturity on July 15, 2024, a bondholder can exchange a bond for 20 shares of stock Which of the following is correct Conversion ratio is 20 conversion price is $1,000 Conversion ratio is 0 05 conversion price is $50 Conversion ratio is 20 conversion price is $50 Conversion ratio is 0 05 conversion price is $1,000 None of the rest is correct

Question: Chicopee Inc. issued convertible bonds at $1,000 par value some time ago. At any time prior to maturity on July 15, 2024, a bondholder can

Chicopee Inc. issued convertible bonds at $1,000 par value some time ago. At any time prior to maturity on July 15, 2024, a bondholder can exchange a bond for 20 shares of stock. Which of the following is correct?

Conversion ratio is 20; conversion price is $1,000
Conversion ratio is 0.05; conversion price is $50
Conversion ratio is 20; conversion price is $50
Conversion ratio is 0.05; conversion price is $1,000
None of the rest is correct

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