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Please show all work Home Builder's bonds were recently issued at their $1,000 par value. At any time prior to maturity (20 years from now!,

Please show all work

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Home Builder's bonds were recently issued at their $1,000 par value. At any time prior to maturity (20 years from now!, a bondholder can exchange a bond for a share of common stock at a conversion price of $44. What is the conversion ratio

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