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Question 2 2 pts Compute the premium pay-back period of the following convertible bond: par=$100, coupon rate=7%, conversion ratio=20, current market price=$111.32. The underlying stock

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Question 2 2 pts Compute the premium pay-back period of the following convertible bond: par=$100, coupon rate=7%, conversion ratio=20, current market price=$111.32. The underlying stock is currently trading at $4.76, and it pays an annual dividend of $0.13 per share. Round your answer to 2 decimal places

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