Question: Clovis Pharmaceuticals, Inc. has just issued a convertible note with the following terms: Issue date: April 1 9 , 2 0 1 8 ; maturity

Clovis Pharmaceuticals, Inc. has just 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? ANSWER WITH EXCEL

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