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How is the above answer calculated? 11. What is the conversion price on a bond if the conversion rate is 35 and the bond is

image text in transcribedHow is the above answer calculated?

11. What is the conversion price on a bond if the conversion rate is 35 and the bond is currently trading at a price of $1,125. a. $35 O $28.57 c. $32.14 d. The conversion price will depend on the remaining life (i.e., maturity) of the bond

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