What is the conversion ratio and conversion value

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Reference no: EM131455965

A convertible bond has a face value of $1,000 and the conversion price is $35 per share. The stock is selling at $30 per share. The bond pays $75 per year in interest and is selling in the market for $925. It matures in 7 years. Market rates are 10% annualy. What is the conversion ratio? What is the conversion value?

Reference no: EM131455965

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