Almacab926 Almacab926

19-12-2022
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a bond with a face value of $1000 is convertible to common stock at a conversion ratio of 60. if the stock is currently trading at $8 per share, the value of the bond is probably closest in value to which of the following? a. about $1000 b. about $486 c. about $1667 d. less than $486

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