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Business, 27.02.2020 16:54 taylorbug6161

A customer purchases a convertible bond at 90, convertible into the common stock at $50. The common stock is currently trading at $45. The company declares a 25% stock dividend. The bond trust indenture includes an anti-dilution clause. After the ex date for the stock dividend, the conversion price for this bond issue will be:

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A customer purchases a convertible bond at 90, convertible into the common stock at $50. The common...

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