Jan Yu purchased seven IBM $1,000 convertible bonds at $105. Each bond was convertible to 25 shares

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Jan Yu purchased seven IBM $1,000 convertible bonds at $105. Each bond was convertible to 25 shares of IBM stock in 5 years. At the end of 5 years, IBM stock was selling at $97. If Jan converted, what would be her 5-year capital gain

Posted Date: May 18, 2024 07:12 PM

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Jan Yu purchased seven IBM $1,000 convertible bonds at $105. Each bond was convertible to 25 shares

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