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Question
You purchase a $1000 face value convertible bond for $975. The bond can be converted into 150 shares of stock. The stock is currently priced at $5.25. At what minimum stock price would you be willing to convert?
A. $4.50
B. $5.26
C. $6.50
D. $7.10
E. $7.25
Answer
This answer is hidden. It contains 15 characters.
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