A convertible bond with a par value of $1,000 has a conversion price of $72.45. What is

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A convertible bond with a par value of $1,000 has a conversion price of $72.45. What is the conversion ratio of the bond?
Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...
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Fundamentals Of Corporate Finance

ISBN: 9781265553609

13th Edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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