Petersen Securities recently issued convertible bonds with a $1,000 par value. The bonds have a conversion price

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Petersen Securities recently issued convertible bonds with a $1,000 par value. The bonds have a conversion price of $40 a share. What is the bonds’ conversion ratio, CR?

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Fundamentals of Financial Management

ISBN: 978-0324302691

11th edition

Authors: Eugene F. Brigham, ‎ Joel F. Houston

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Question Posted: Aug 10, 2019 08:41 AM

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Petersen Securities recently issued convertible bonds with a $1,000 par value. The bonds have a conversion price

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Fundamentals of Financial Management

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