The Conversion Price of CRX's Convertible ($1,000 Par) Subordinated Debentures

question 67

Multiple Choice

The conversion price of CRX's convertible ($1,000 par) subordinated debentures is $40, and the present market price of CRX common stock is $48. Determine the present conversion value of the convertible issue.

• A) $1,000
• B) $1,200
• C) $833
• D) $1,680

Understand the role of emotional and logical reasoning in creating persuasive claims.

Strategize the development of marketing and sales messages for mobile commerce and social media.

Identify ethical considerations in persuasive communication.

Recognize the impact and opportunities of mobile marketing and commerce.

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Definitions:

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