Calculate your gain or loss if you decide to convert

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Reference no: EM13930110

You own a convertible bond that has a 6% yield, 4.5% coupon rate, pays semiannually, and has 3 years to maturity. The conversion rate is 8. The current stock price is 127.3. Calculate your gain or loss if you decide to convert.

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Reference no: EM13930110

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