A bond has a face value of 10000 and a conversion ratio of


A bond has a face value of $10,000 and a conversion ratio of 560. The stock is currently trading at $16.30. What is the conversion price?

A.56

B.17.86

C.16.3

D.6.13

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Financial Management: A bond has a face value of 10000 and a conversion ratio of
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