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Problem 18-2 Conversion Ratio (LO3, CFA5) A company just sold a convertible bond at a par value of $1,000. If the conversion price is $39,

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Problem 18-2 Conversion Ratio (LO3, CFA5) A company just sold a convertible bond at a par value of $1,000. If the conversion price is $39, what is the conversion ratio? (Round your answer to 2 decimal places.) Conversion ratic

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