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Slater Mines just called its outstanding bonds at a call price of $1,025. The bonds have a conversion price of $33.33 and a par value

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Slater Mines just called its outstanding bonds at a call price of $1,025. The bonds have a conversion price of $33.33 and a par value of $1,000. The stock price is currently $33.10. In response to this call, what should the bondholders do and why? If the conversion price changes to $32.05, what should the bondholders do and why? At what conversion price would the bondholder be indifferent to letting the bond be called and converting the bond to common stock? If the conversion price was the original $33.33, what market price for the stock would make bondholders indifferent as to whether or not the bonds are called or converted to common stock

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