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We buy a convertible bond for $ 8 0 0 when the underlying stock price is $ 3 0 and the straight value of the

We buy a convertible bond for $ $800$ when the underlying stock price is $ $30$ and the straight value of the bond is $ $700 .$ If the stock price drops to $ $0.1,$ what the maximum loss that the buyer of the convertible bond may incur?

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Question

We buy a convertible bond for $ 8 0 0 when the underlying stock price is $ 3 0 and the straight value of the

We buy a convertible bond for $800 when the underlying stock price is $30 and the straight value of the bond is $700. If the stock price drops to $0.1, what the maximum loss that the buyer of the convertible bond may incur?

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We buy a convertible bond for $ $800$ when the underlying stock price is $ $30$ and the straight value of the bond is $ $700 .$ If the stock price drops to $ $0.1,$ what the maximum loss that the buyer of the convertible bond may incur?