A Bond Has a Face Value of $10,000 and a Conversion

question 8

Multiple Choice

A bond has a face value of $10,000 and a conversion price of $37.74.The stock is currently trading at $38.80.What is the conversion ratio?

• A)231
• B)246
• C)281
• D)258
• E)265

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Definitions:

Ideology

A system of ideas and ideals, especially one that forms the basis of economic or political theory and policy.

Crescive Norms

Unwritten, societal rules and behaviors that are learned implicitly through everyday social interactions.

Conventions

This refers to the established practices, rules, or norms in a specific area or among a particular group, often used to ensure consistency and effectiveness.

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Traditional practices and norms that are established and followed by a society, community, or group.