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You purchased a $10,000 convertible bond from Ajax Corporation at issue.At the time the bond was issued,Ajax's stock traded at $15 per share.Ajax offered a conversion privilege of 20 shares of common stock per $1,000 in bonds.This stock now trades at $60.Assuming there are no costs to convert the bonds to stock,what is the minimum the bond would be trading for on the open market?
Choroid Plexus
A network of blood vessels in each ventricle of the brain, responsible for the production of cerebrospinal fluid (CSF).
Cerebellum
A part of the brain located at the back of the skull that coordinates voluntary movements and maintains balance.
Postcentral Gyrus
The primary somatosensory cortex located in the parietal lobe of the brain, responsible for processing tactile and proprioceptive information.
Parietal Lobe
One of the four major lobes of the cerebral cortex in the brain, involved in processing sensory information regarding the location of parts of the body as well as interpreting visual information and processing language and mathematics.
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