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What is the conversion ratio of a $1,000 bond convertible at $27 per share? The coupon rate is 10 percent and the market rate 12

What is the conversion ratio of a $1,000 bond convertible at $27 per share? The coupon rate is 10 percent and the market rate 12 percent. This company's common stock is currently trading at $23 per share. Select one: A. 37.04 shares B. 43.478 shares C. 83 shares D. 35.2 shares

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