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ncorrect Question 8 0 / 2 pts Compute the premium pay-back period of the following convertible bond: par=$100, coupon rate=7%, conversion ratio=19, current market price=$106.78.

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ncorrect Question 8 0 / 2 pts Compute the premium pay-back period of the following convertible bond: par=$100, coupon rate=7%, conversion ratio=19, current market price=$106.78. The underlying stock is currently trading at $4.04, and it pays an annual dividend of $0.12 per share. Round your answer to 2 decimal places. 4.92

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