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You are given the following data regarding the Excel convertible bonds Maturity Par value: Annual coupon: 25Stock price: $3 5.00 $40.00 5.25 % $1,000.0 0Conversion

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You are given the following data regarding the Excel convertible bonds Maturity Par value: Annual coupon: 25Stock price: $3 5.00 $40.00 5.25 % $1,000.0 0Conversion price: 4.0 0 %Straight-debt yield: What is the minimum price (floor price) at which the bonds should sell? $828 $875 $892 $04 $915

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