Into how many shares will convertible bond be converted
Bond to Common Shares. The conversion price of common stock is $20 a share. Into how many shares will a $1,000 convertible bond be converted?
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The conversion price of common stock is $20 a share. Into how many shares will a $1,000 convertible bond be converted?
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A $1,000 convertible bond permits the holder to convert the bond into five shares of common stock (a) What is the conversion ratio? (b) What is the conversion price?
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