Question: 13. The conversion ratio is the: a. price at which a convertible security is exchanged into common stock. b. ratio of conversion value to market

13. The conversion ratio is the:

a. price at which a convertible security is exchanged into common stock.

b. ratio of conversion value to market value of a convertible security.

c. number of shares of common stock that the convertible debt may be converted into.

d. ratio of the conversion premium to market value of a convertible security.

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