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Suppose you own a convertible bond that has a 5.1% coupon [paid semi- annually}, $1.000 paryalue, matures in 11 years. and is currently selling for

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Suppose you own a convertible bond that has a 5.1% coupon [paid semi- annually}, $1.000 paryalue, matures in 11 years. and is currently selling for $1.?83.54 in the bond market. The bond can be converted into 33 shares of the firm's common stock. and the common stock is currently selling for $45.?2 per share. Should you convert the bond into shares of stock? Hint: Think carefully {in terms of the "big picture") before answering. You're answer should either start with "Yes. because" or "No. because."

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