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Consider a convertible bond, bond XYZ. The conversion ratio is 50. Suppose that the Delta is 0.60. For a price change of $0.125 for the

Consider a convertible bond, bond XYZ. The conversion ratio is 50. Suppose that the Delta is 0.60. For a price change of $0.125 for the stock price per share, calculate the change in the convertible bond's value.

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