A $1000 par value bond has a conversion ratio of 10, and is sold for $800. Explain

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A $1000 par value bond has a conversion ratio of 10, and is sold for $800. Explain what this means.

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Corporate Finance

ISBN: 978-0077861759

10th edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe

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Posted Date: Dec 27, 2023 06:31 AM

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A $1000 par value bond has a conversion ratio of 10, and is sold for $800. Explain

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ANSWER A 1000 par value bond with a conversion ratio of 10 means that the bondholder has the option ... View the full answer

Corporate Finance

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