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Sharon has a convertible bond with a face value of $1,000 that can be converted into 40 shares of common stock of Mountain Ice Corporation.

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Sharon has a convertible bond with a face value of $1,000 that can be converted into 40 shares of common stock of Mountain Ice Corporation. If the current price of the stock is $20, what is the conversion price of the bond? $50 $25 $20 $1,000 Which of the following is not an advantage of a term loan over public debt offerings? significantly lower interest rates speed low issuance costs flexibility

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