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The data below apply to the firm's convertible bonds. Calculate the bond's conversion ratio. Years to maturity 10 Stock price $30 Par value $1,000 Conversion

The data below apply to the firm's convertible bonds. Calculate the bond's conversion ratio. Years to maturity 10 Stock price $30 Par value $1,000 Conversion price $35 Annual coupon 5% Straight debt yield 8%

27.14

28.57

30.00

31.50

33.08

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