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Clovis Pharmaceuticals, Inc. has just issued a convertible note with the following terms: Issue date: April 1 9 , 2 0 1 8 ; maturity

Clovis Pharmaceuticals, Inc. has just issued a convertible note with the following terms: Issue

date: April

19, 2018

; maturity date: May

1, 2025

; coupon rate:

1.25 %

; conversion price: $

76.17

per

share. What is the note

s conversion ratio? ANSWER WITH EXCEL

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