Question
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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Inside And Outside Liquidity
Authors: Bengt Holmstroem, Jean Tirole
1st Edition
0262518538, 9780262518536
