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

question 11

Multiple Choice

A bond has a face value of $10,000 and a conversion ratio of 530. The stock is currently trading at $16.50. What is the conversion price?

• A) $7.55
• B) $16.50
• C) $18.87
• D) $53.00

---

Definitions:

Control Circuit Rung

A section or level within a control circuit diagram, often represented as horizontal lines that show the flow of electrical control signals.

Reversing Motor Starter

A device that allows the control of an electric motor's direction of rotation, enabling it to run both forward and backward.

Contactors

Electromechanical switches used in electrical circuits to control the flow of power to devices, typically operated by an electromagnetic coil.

Control Coils

Electromagnetic coils used within devices like relays and contactors to control the opening and closing of circuits.