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Orient Airlines' common stock currently sells for $33, and its 8% convertible debentures (issued at par, or $1,000) sell for $850. Each debenture can be converted into 25 shares of common stock at any time before 2020. What is the conversion value of the bond?
Ohio State University
A public research university located in Columbus, Ohio, known for its contributions to various fields of academia and research.
Leadership Behaviour
The actions and attitudes exhibited by individuals in leadership positions that influence the direction, performance, and culture of an organization.
House's Path-Goal Theory
A leadership theory that suggests leaders can affect the performance, satisfaction, and motivation of their followers by offering appropriate rewards for achieving goals.
Environmental Factors
Aspects of the surrounding environment, both natural and built, that can affect living organisms and systems.
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