A bond has a face value of $10,000 and a conversion price of $46.04. The stock is

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A bond has a face value of $10,000 and a conversion price of $46.04. The stock is currently trading at $35.02. What is the conversion ratio?

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Entrepreneurial Finance

ISBN: 978-0538478151

4th edition

Authors: J . chris leach, Ronald w. melicher

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Posted Date: Feb 28, 2024 06:01 AM

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A bond has a face value of $10,000 and a conversion price of $46.04. The stock is

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Expert Answer:

The conversion ratio for this bond is 21720 Heres how we calculate it Conversion Ratio Face Val... View the full answer

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