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Question 13 A convertible bond has a par value of $1,000 but its current market price is $975. The current price of the issuing company's
Question 13
A convertible bond has a par value of $1,000 but its current market price is $975. The current price of the issuing company's stock is $28 and the conversion ratio is 35 shares. The bond's market conversion value is __________.
$1,000 | ||
$880 | ||
$933 | ||
$980 |
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