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Convertibles Breuer Investment's convertible bonds have a $1,000 par value and a conversion price of $25 a share. What is the convertible issue's conversion ratio?

Convertibles

Breuer Investment's convertible bonds have a $1,000 par value and a conversion price of $25 a share. What is the convertible issue's conversion ratio? Round your answer to two decimal places.

_______ shares

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