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QUESTION 5 A bond has a face value of $1,000 and a conversion ratio of 26. The stock is currently trading at $38.80. What is

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QUESTION 5 A bond has a face value of $1,000 and a conversion ratio of 26. The stock is currently trading at $38.80. What is the conversion price? 01.$38.46 2. $38.80 3. $26.00 04. $25.73

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