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  3. the following facts apply to a convertible bond ma

The following facts apply to a convertible bond making semiannual payments: $43/share 9% $1,000 Conversion...

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The following facts apply to a convertible bond making semiannual payments: $43/share 9% $1,000 Conversion price Coupon rate Par value Yield on nonconvertible debentures of same quality Maturity Market price of stock 12.5% 25 years $35 /share What is the minimum price at which the convertible should sell? Multiple Choice $813.95 $781.40

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