Question: The maximum value of a convertible bond is theoretically: Equal to the conversion value minus the straight bond value. Equal to the face value of

The maximum value of a convertible bond is theoretically:
Equal to the conversion value minus the straight bond value.

Equal to the face value of the bond multiplied by (1 + conversion price).

Limited to the maximum straight bond value.

Limited by the face value of the bond.

Unlimited.

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