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Convertible Bonds Q4. (10 points) A $10,000 face value bond has a conversion ratio of 50. You estimate the transaction costs of conversion to be

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Convertible Bonds Q4. (10 points) A $10,000 face value bond has a conversion ratio of 50. You estimate the transaction costs of conversion to be 3% of the face value of the bond, what price must the stock reach in order for to convert

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