A Bond Has a Conversion Price of $47

question 39

Multiple Choice

A bond has a conversion price of $47.62, a par value of $1,000, and a market price of $833.40. What is the conversion ratio?

• A)20
• B)21
• C)22
• D)23
• E)24

---

Definitions:

Employee Hiring

The process of finding, selecting, and onboarding new employees to fill open positions within an organization.

Male Chauvinism

The belief in the superiority of men over women, often manifesting in prejudice, discrimination, or denigration of women.

Belief

An acceptance that something exists or is true, especially without proof.

Asians

People originating from or associated with the continent of Asia, which includes diverse cultures, languages, and ethnicities.