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Find the market price per share of the company common stock

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Reference no: EM131106906

A company has just issued convertible bonds with $1,000 par value and a conversion ratio of 40. Which of the following is most likely to be the market price per share of the company's common stock at present?

A. Under $25.

B. $25.

C. Between $25 and $30.

D. Above $30

Reference no: EM131106906

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