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

question 45

Multiple Choice

A bond has a face value of $10,000 and a conversion ratio of 265.The stock is currently trading at $38.80.What is the conversion price?

• A)$1.56
• B)$5.84
• C)$25.73
• D)$26.50
• E)$37.74

---

Definitions:

Psychiatrists

Medical doctors specializing in the diagnosis, treatment, and prevention of mental health disorders.

Clinical Psychologists

Psychologists who specialize in the diagnosis and treatment of psychological disorders and everyday behavioral problems.

Counseling Psychologists

Professionals who specialize in providing guidance and support to individuals or groups to improve their mental health and well-being.

Mental Health Services

A spectrum of services, from counseling and psychotherapy to psychiatric care, aimed at supporting individuals' mental health and well-being.