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In the October 26, 1992, prospectus summary of the Staples 6% convertible subordinated debentures due 1999, the offering stated: Convertible into Common Stock at a

In the October 26, 1992, prospectus summary of the Staples 6% convertible subordinated debentures due 1999, the offering stated: Convertible into Common Stock at a conversion price of $40 per share . . . If the par value is $1.000, a) What is the conversion ratio? b) What is the difference between a soft put and a hard put?

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