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Sum the parts and estimate the implied value of the redemption option Value of Boston Chicken 4.5% bond 2 Value of straight bond Add: Value

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Sum the parts and estimate the implied value of the redemption option Value of Boston Chicken 4.5% bond 2 Value of straight bond Add: Value of conversion option Less: Value of redemption option We need to find the value of each of the parts and come up with the value of the 4.5% Boston Chicken Bond

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