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Newcomb company has a bond outstanding with a 1500 par

Newcomb Company has a bond outstanding with a $1,500 par value and convertible at $30 per share. What is the bond’s conversion ratio? If the underlying stock currently trades at $25 per share, what is the bond’s conversion value? Would it be advisable for a bondholder to exercise the conversion option?

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Finance Basics: Newcomb company has a bond outstanding with a 1500 par

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