What is the convertible issue conversion ratio
Question: Peterson Securities recently issued convertible bonds with a $1000 par value. The bonds have a conversion price of $40 a share. What is the convertible issue's conversion ratio?
Now Priced at $20 (50% Discount)
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The bonds have a conversion price of $40 a share. What is the convertible issue's conversion ratio?
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a. What is the minimum price at which the convertible should sell?
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