A bond with a face value of $1000 is convertible to common stock at a conversion ratio of 60. If the stock is currently trading at $ 8 per share, the value of the bond is probably closest in value to which of the following?
A. about $1000
B. about $492
C. less than $492
D. about $508
E. above $1666
+5
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Home » Business » A bond with a face value of $1000 is convertible to common stock at a conversion ratio of 60. If the stock is currently trading at $ 8 per share, the value of the bond is probably closest in value to which of the following? A. about $1000 B.