A Bond Has a Face Value of $15,000 and a Conversion

question 101

Multiple Choice

A bond has a face value of $15,000 and a conversion ratio of 220. The stock is currently trading at $39.20. What is the conversion price?

• A) $3.41
• B) $13.64
• C) $40.91
• D) $68.18

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Definitions:

Cargo Containers

Large standardized shipping containers used to transport goods by sea, rail, or road.

Efficient Supply Chain

The optimization of processes in the supply chain to ensure the fastest, most cost-effective way of getting products from production to consumer.

Lower-Price Retailer

A retail store offering products at prices lower than those of competitors, often by reducing operational costs or offering fewer services.