Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN: 9781337395083
Author: Eugene F. Brigham, Phillip R. Daves
Publisher: Cengage Learning
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Business 123 Introduction to Investments
May I please have the solution for the following question?
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Transcribed Image Text:A convertible bond has a conversion ratio of 32 and par value of $1,000. What is the conversion price?
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