Peterson Securities recently issued convertible bonds with a $1000 par value. The bonds have a conversion price of $40 a share. What is the convertible issue's conversion ratio?© BrainMass Inc. brainmass.com October 1, 2020, 6:42 pm ad1c9bdddf
The number of shares into which each bond can be converted is called as ...
This solution provides calculations for the conversion ratio.