Examlex
When a bond matures, an investor will convert if the market price of the convertible bond is higher than the conversion price of the bond.
Nearest Tenth
Rounding to the closest tenth means adjusting a number to one decimal place.
Decimal
A number that includes a decimal point to represent a fraction of a whole.
Percentage
A way of expressing a number as a fraction of 100, denoted by the symbol %.
Lowest Terms
A fraction in which the numerator and denominator have no common factors other than 1, making it the simplest form of the fraction.
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