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Which is the conversion ratio of a $1,000 bond convertible at $30 per share? The coupon rate is 10% and the market rate 12%. This

Which is the conversion ratio of a $1,000 bond convertible at $30 per share? The coupon rate is 10% and the market rate 12%. This company's common stock is currently trading at $24 per share.

18.52 shares

33.33 shares

66 shares

41.67 shares

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