Question: Question 3 33 You purchase a $1,000 face value convertible bond for $875. The bond can be converted into 175 shares of stock. The stock

Question 3 33 You purchase a $1,000 face value convertible bond for $875. The bond can be converted into 175 shares of stock. The stock is currently priced at $4.25. At what minimum stock price would you be willing to convert? $4.50 $5.00 $6.50 $7.10 $7.25

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