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What is the minimum price (or floor price) at which the Neuman's bonds should sell? If the following is true: Years to maturity: 10 Stock
What is the minimum price (or "floor" price) at which the Neuman's bonds should sell? If the following is true: Years to maturity: 10 Stock price: $30.00 Par value: $1,000.00 Conversion price: $35.00 Annual coupon: 5.00% Straight-debt yield: 8.00%
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