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Business, 18.06.2021 01:10 caityi9619

You purchase a $1,000 face value convertible bond for $875. The bond can be converted into 175 shares of stock. The stock is currently priced at $4.25. At what minimum stock price would you be willing to convert?

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You purchase a $1,000 face value convertible bond for $875. The bond can be converted into 175 share...
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