Question: Please round to the nearest tenth and let me know The following facts apply to a convertible bond making semiannual payments: $37/share 6% $1,000 Conversion

Please round to the nearest tenth and let me know

The following facts apply to a convertible bond making semiannual payments: $37/share 6% $1,000 Conversion price Coupon rate Par value Yield on nonconvertible debentures of same quality Maturity Market price of stock 9% 15 years $31 /share What is the minimum price at which the convertible should sell

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