Question: Problem 18-3 Conversion Value (L03, CFA5) A convertible bond has a $1,000 face value and a conversion ratio of 37. If the stock price is

Problem 18-3 Conversion Value (L03, CFA5) A convertible bond has a

Problem 18-3 Conversion Value (L03, CFA5) A convertible bond has a $1,000 face value and a conversion ratio of 37. If the stock price is $33, what is the conversion value? Conversion value

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