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Flagstaff Taxi Inc. issued convertible bonds at their $1,000 par value some time ago. At any time prior to maturity on July 15, 2030, a

Flagstaff Taxi Inc. issued convertible bonds at their $1,000 par value some time ago. At any time prior to maturity on July 15, 2030, a bondholder can exchange a bond for 25 shares of stock. What is the conversion ratio?

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