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    Conversion Value of Convertible

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    The conversion price of CRX's convertible ($1,000 par) subordinated debentures is $40 and the present market price of CRX common stock is $48.

    Determine the present conversion value of the convertible issue. (First determine conversion ratio).

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    Solution Preview

    Your question is this: "The conversion price of CRX's convertible ($1,000 par) subordinated debentures is $40 and the present market price of CRX common stock is $48. Determine the present conversion value of the convertible issue. (First determine conversion ...

    Solution Summary

    This solution provides assistance with a financial problem e.g. determining the present conversion value of the convertible issue in a step-by-step format.

    $2.49

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