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andrezito [222]

3 years ago

15

A customer owns a convertible subordinated debenture, convertible into common at $25 per share. The bond is currently trading at

par. If the bond's market price increases by 20%, the conversion ratio will be:A. 25:1B. 32:1C. 40:1D. 48:1

1 answer:

Dafna1 [17]3 years ago

3 0

Answer:

c:40:1 OR B:32:1

Explanation:

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Following are the responses to the given question:

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