Incredible Solutions issued a $1,120-par-value bond that is convertible at $28 per share. What is the bonds
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Incredible Solutions issued a $1,120-par-value bond that is convertible at $28 per share. What is the bond’s conversion ratio? If the stock is currently selling at $30 per share, what is the bond’s conversion value? Would it be advisable for a bondholder to exercise the conversion option?
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Related Book For 
Principles Of Managerial Finance
ISBN: 9781292400648
16th Global Edition
Authors: Chad Zutter, Scott Smart
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