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Firm XYZ has two outstanding bonds that are exactly alike (same coupon, face, maturity, risk etc.) except that one is convertible (immediately) into 100 shares

Firm XYZ has two outstanding bonds that are exactly alike (same coupon, face, maturity, risk etc.) except that one is convertible (immediately) into 100 shares of stock and the other is nonconvertible.The price of XYZ stock has fluctuated a lot lately but it is currently selling for $9/share.What's strange is that both bonds are currently selling for about the same price in fact, they are both selling for about their face value.In general, why is that strange?Now, given all this information, how is this possible?

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