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20-12-2022
Business

Answered

moniker manufacturing's bonds were recently issued at their $1,000 par value. at any time prior to maturity (20 years from now), a bondholder can exchange a bond for a share of common stock at a conversion price of $40. what is the conversion ratio? a. 22.56 b. 23.75 c. 25.00 d. 26.25 e. 27.56

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