Question content area top

Part $1$

A bond has a face value of $ $15$ comma $000$ and a conversion ratio of $580.$ The stock is currently trading at $ $17.$ What is the conversion$$ price?

Question content area bottom

Part $1$

A$.$$ $25\mathrm{.}86$

$ $25\mathrm{.}86$

B$.$$ $10\mathrm{.}34$

$ $10\mathrm{.}34$

C$.$$ $58\mathrm{.}00$

$ $58\mathrm{.}00$

D$.$$ $16\mathrm{.}90$

$ $16\mathrm{.}90$