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Home Q & A Board Science-Related Homework Help Mathematics
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Cwds613 Cwds613
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A year ago
Erik Wells bought a Sandia Corporation convertible bond for $1,000. The bond was convertible to 50 shares of stock. At the time of the purchase, the stock was selling for $20 per share. At the end of two years, the stock was selling for $28 per share. Erik converted. Assuming the market value of the bond had not changed, how much profit did Erik realize by converting?
Textbook 
Contemporary Business Mathematics for Colleges

Contemporary Business Mathematics for Colleges


Edition: 16th
Authors:
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navgilnavgil
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A year ago
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A year ago
You make an excellent tutor!
DragonHeart
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I appreciate what you did here, answered it right Smiling Face with Open Mouth
halyna
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Just got PERFECT on my quiz
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