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The conversion ratio is: Group of answer choices the number of new lower coupon rate bonds that the bondholder receives when old bonds are converted
The conversion ratio is:
Group of answer choices
the number of new lower coupon rate bonds that the bondholder receives when old bonds are converted into the newer bonds.
the number of shares of stock that the bondholder receives upon conversion of a bond.
the ratio of the face value of the bond to its market value.
the ratio of the bond's old face value to its new face value
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Fundamentals of Investing
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
12th edition
978-0133075403, 133075354, 9780133423938, 133075400, 013342393X, 978-0133075359
