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Bond and Conversion Value

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Assist the holder of a $1,000 par value convertible bond in determining whether to convert, given that the conversion ratio is 15.5 and that the stock is currently selling for $70 per share. Calculate both the bond value and conversion value.

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This solution is comprised of a detailed explanation to calculate both the bond value and conversion value.

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Bond and Conversion Value
Assist the holder of a $1,000 par value convertible bond in determining whether to convert, ...

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