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P10.21 (similar to) Question Help Find the conversion value of a convertible preferred wock that...

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P10.21 (similar to) Question Help Find the conversion value of a convertible preferred wock that carries a conversion of 1.7, given that the market price of the underlying common stock is $38.2 aware were selling at $82,93 a share? If so, how much in dollar and percentage terms? Also explain the concept of conversion parity, and then in the conversion party of this is The conversion value of the convertible preferred socks (Round to the nearest cent.) there be any conversion premium the convertible preferred given that the preferred trades $12.95 per share

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