Business
Business, 19.09.2019 22:00, dajeourcrazy15

Acustomer buys a $1,000 par reverse convertible note with a 1 year maturity and a 6% coupon rate. at the time of purchase, the reference stock is trading at $50 and the knock-in price is set at $40. if, at maturity, the reference stock is trading at $25, the customer will receive:

answer
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Acustomer buys a $1,000 par reverse convertible note with a 1 year maturity and a 6% coupon rate. at...

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