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The following problem refers to a convertible bond issued by Teva Pharmaceutical Industries Limited (TEVA) in November 1, 2006 to mature November 1, 2036. The

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The following problem refers to a convertible bond issued by Teva Pharmaceutical Industries Limited (TEVA) in November 1, 2006 to mature November 1, 2036. The convertible bond was issued with a coupon rate of 4.25% paid semiannually. The has a conversion feature of 50 to 1 on a $1,000 bond. The bonds currently has a yield to maturity of 4.90%. The stock was selling on April 19, 2023 for $8.44 per share. Find athe Price of the bond based on its yield to maturity? What is the conversion price? What is the conversion value

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