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2 weeks ago
A bond has a face value of $10,000 and a conversion ratio of 560. The stock is currently trading at $16.30. What is the conversion price?

▸ $56.00

▸ $6.13

▸ $17.86

▸ $16.30
Textbook 
Fundamentals of Corporate Finance
Edition: 2nd
Authors:
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$17.86
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