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You are thinking about buying Dovia Co.'s convertible bonds. You plan to convert to equity at the end of the year and you think that

You are thinking about buying Dovia Co.'s convertible bonds. You plan to convert to equity at the end of the year and you think that Dovia's common equity will be priced at $30 per share at that point. What conversion ratio should Dovia's bonds have in order for you to expect to be able to convert them at the end of the year?

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