If a $7000 bond is issued with a conversion feature that is convertible into 20 shares of

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If a $7000 bond is issued with a conversion feature that is convertible into 20 shares of common stock, what is the implied exercise price of the shares?

A) $0

B) $6000

C) $350

D) $0

Related Book For answer-question

Principles of Corporate Finance

ISBN: 978-0077404895

10th Edition

Authors: Richard A. Brealey, Stewart C. Myers, Franklin Allen

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Posted Date: Jan 13, 2021 02:06 PM

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If a $7000 bond is issued with a conversion feature that is convertible into 20 shares of

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Principles of Corporate Finance

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