Question: Clovis Pharmaceuticals, Inc. has issued a convertible note with the following terms: Issue date: April 19, 2018; maturity date: May 1, 2025; coupon rate: 1.25%;

Clovis Pharmaceuticals, Inc. has issued a convertible note with the following terms: Issue date: April 19, 2018; maturity date: May 1, 2025; coupon rate: 1.25%; conversion price: $76.17 per share. What is the notes conversion ratio?

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