Question: Quantitative Problem 1: Hartley Enterprises recently issued convertible bonds with a $960 par value. The bonds have a conversion price (Pc) of $30 per share.

Quantitative Problem 1: Hartley Enterprises recently issued convertible bonds with a

Quantitative Problem 1: Hartley Enterprises recently issued convertible bonds with a $960 par value. The bonds have a conversion price (Pc) of $30 per share. What is the bonds' conversion ratio, CR? Round your answer to the nearest whole number. Quantitative Problem 2: Edwards Inc. recently issued convertible bonds with a $1,200 par value. The bonds have a conversion ratio (CR) of 60. What is the bonds' conversion price (Pc)? Do not round intermediate calculations. Round your answer to the nearest cent. $

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