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the Olsen mining company has a convertible been very ssucceful in the last five years its 1,000 par value convertible bonds have a conversion ratio

the Olsen mining company has a convertible been very ssucceful in the last five years its 1,000 par value convertible bonds have a conversion ratio of 32. The bond have a quote interest rate of 7 percent a year . the firms common stock is currently selling for $41,30 per share .The current bond price has a conversion premium of $10 over the conversion value

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