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The Lion Corp.(LC)issues a 30 yearcallable bond which is also convertible to 50 shares of LC common stock. Explain why LC would issue a bond
The Lion Corp.(LC)issues a 30 yearcallable bond which is also convertible to 50 shares of LC common stock. Explain why LC would issue a bond with these features as opposed to just issuing a the bond withoutsuch options.As a bondholder, would you necessarily convert these bonds when the price of the stock reaches$22? Why or why not? Feel free to give examples in your response Please provide reference
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