Submit their bods for redemption in the event of call

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Reference no: EM131566322

The call price of a $1000 bond is $1100. The bond is convertible at $50 per share. What is the lowest price at which the stock can sell and still have bondholders convert rather than submit their bods for redemption in the event of a call? (ignore transportation costs)

Reference no: EM131566322

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