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Business, 02.03.2020 18:30 tmkyer2

A customer owns a convertible subordinated debenture, convertible into common at $25 per share. The bond is currently trading at par. If the bond's market price increases by 20%, the conversion ratio will be:

A. 25:1
B. 32:1
C. 40:1
D. 48:1

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Answers: 2

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A customer owns a convertible subordinated debenture, convertible into common at $25 per share. The...
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