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(TCO 5) When is the best time to convert a convertible bond to common stock?
: The best time to convert is when the call price exceeds the conversion value.
The best time to convert is after the conversion ratio decreases.
The best time to convert is when the conversion value is below the pure bond value.
None of the above
Question 2. Question : (TCO 5) Which is the conversion ratio of a $1,000 bond convertible at $25.50 per share? The coupon rate is 10% and the market rate 12%. This company’s common stock is currently trading at $22 per share.
: 45.45 shares
39.22 shares
80 shares
21.1 shares