Many years ago winding road maps issued a convertible bond, Business Management

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Many years ago winding road maps issued a convertible bond

Many years ago, Winding Road Maps issued a convertible bond with a conversion ratio equal to 40. The bond's face value is $1,000. (a) For how many shares of stock can a bondholder convert each bond? (b) At what stock price should bondholders convert?

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Business Management: Many years ago winding road maps issued a convertible bond

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