A bondholder holds three different bonds. How many shares of common stock will the bondholder obtain if
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A bondholder holds three different bonds. How many shares of common stock will the bondholder obtain if he converts each of the following bonds?
a. A $1,000-par-value bond that is convertible into common stock at $63.75 per share.
b. A $950-par-value bond that is convertible into common stock at $43.25 per share.
c. A $1,630-par-value bond that is convertible into common stock at $57.50 per share.
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Related Book For 
Principles Of Managerial Finance
ISBN: 9781292018201
14th Global Edition
Authors: Lawrence J. Gitman, Chad J. Zutter
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