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linv08 linv08
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A year ago
A convertible bond has a call price of $1,100. Its underlying stock is selling at $70 per share, and the conversion price is $50. If the company were to have a 50% stock dividend, what will be the new conversion ratio for the bond?


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Textbook 
Financial Management: Theory and Practice

Financial Management: Theory and Practice


Edition: 4th
Authors:
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kingqadrikingqadri
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A year ago
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A year ago
Just got PERFECT on my quiz
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You make an excellent tutor!
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