A Sorsi Bond Has a Par Value of $1,000 but Is

question 48

Multiple Choice

A Sorsi bond has a par value of $1,000 but is currently selling for $920. If the bond has a conversion ratio of 23, what is the conversion price? Current stock price is $30.

• A) $40.00
• B) $43.48
• C) $33.33
• D) $30.67

---

Definitions:

Peyer Patches

Aggregations of lymphoid tissue found in the small intestine, which play a role in the immune response to ingested pathogens.

Lymphatic Nodules

Small, localized clusters of dense tissue within the lymphatic system that are important for immune responses.

Small Intestine

A part of the gastrointestinal tract between the stomach and large intestine that is involved in digestion and absorption of nutrients.

Skeletal Muscle

A type of striated muscle tissue that is attached to bones and is responsible for voluntary movements in the body.