Question: A $1,000 face value convertible bond has a conversion ratio of 35 and is about to mature. Ignoring any transaction costs, what price must the

A $1,000 face value convertible bond has a conversion ratio of 35 and is about to mature. Ignoring any transaction costs, what price must the stock surpass in order for you to convert

A) $24 B) $28.57 C) 30.15 D) $40.00

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