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Chapter 17, Problem 17.9P

Conversion ratio What is the conversion ratio for each of the following bonds?

  1. a. A $1,000-par-value bond that is convertible into common stock at $43.75 per share.
  2. b. A $1,000-par-value bond that is convertible into common stock at $25 per share.
  3. c. A $600-par-value bond that is convertible into common stock at $30 per share.
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Chapter 17 Solutions

Principles of Managerial Finance, Student Value Edition Plus MyLab Finance with Pearson eText - Access Card Package (15th Edition) (Pearson Series in Finance)

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Bonds 101 (DETAILED EXPLANATION FOR BEGINNERS); Author: It's Your Girl Rose;https://www.youtube.com/watch?v=Gskqx8dy9To;License: Standard Youtube License