Question: 2. A 8.85%, 15-year convertible bond has a conversion rate of 33. Currently, the stock is at $26. Calculate the price of the bond if

2. A 8.85%, 15-year convertible bond has a conversion rate of

2. A 8.85%, 15-year convertible bond has a conversion rate of 33. Currently, the stock is at $26. Calculate the price of the bond if it is trading at a 12 percent conversion premium

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