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Business, 21.04.2020 16:29 marxusalexander4069

Jackson Metals, Inc., issued a $1,000 convertible corporate bond. Each bond is convertible to 37 shares of the firm’s common stock. (a) What price must the common stock reach before investors would consider converting their bond to common stock? (Round your answer to 2 decimal places.)

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Jackson Metals, Inc., issued a $1,000 convertible corporate bond. Each bond is convertible to 37 sha...
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