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A customer owns a convertible subordinated debenture, convertible into common at $25 per share. The bond is currently trading at par. If the bond's market price increases by 20%, the conversion ratio will
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A customer owns a convertible subordinated debenture, convertible into common at $25 per share. The bond is currently trading at par. If the bond's market price increases by 20%, the conversion ratio will be:A. 25:1B. 32:1C. 40:1D. 48:1

User Ismaestro
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Answer:

c:40:1 OR B:32:1

Step-by-step explanation:

User Eric Walter
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