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What is the convertible issue''s conversion ratio

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Reference no: EM131103352

Peterson Securities recently issued convertible bonds with a $1,000 par value. The bonds have a conversion price of $40 a share. What is the convertible issue's conversion ratio?

Reference no: EM131103352

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What is the convertible issue''s conversion ratio : Peterson Securities recently issued convertible bonds with a $1,000 par value. The bonds have a conversion price of $40 a share. What is the convertible issue's conversion ratio?
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