Business, 17.04.2020 04:33, iheartgirl9373

A convertible bond has a par value of $1,000, but its current market price is $975. The current price of the issuing company's stock is $26, and the conversion ratio is 34 shares. The bond's market conversion value is .

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A convertible bond has a par value of $1,000, but its current market price is $975. The current pric...