Question
You own a bond with a face value of $10,000 and a conversion ratio of 460. What is the conversion price? The conversion price is
You own a bond with a face value of $10,000 and a conversion ratio of 460. What is the conversion price?
The conversion price is _____________ .
(Round to the nearest cent.)
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Peggy L. Hedges, Philip Chang, Keith C. Brown, Hedges Reilly Brown
1st Canadian Edition
0176500693, 978-0176500696
