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MMLU / A 500par−valueconvertibledebentureissellingat520. If the conversion…

Problem

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question

A 500par−valueconvertibledebentureissellingat500 par-value convertible debenture is selling at 520. If the conversion ratio is 20, what is the conversion price?
Plain-text mathematical notation (without MathML)
A 500par−valueconvertibledebentureissellingat520. If the conversion ratio is 20, what is the conversion price?
Original LaTeX notation
A $500 par-value convertible debenture is selling at $520. If the conversion ratio is 20, what is the conversion price?

choices

  1. $19.23
  2. $20.18
  3. $25.00
  4. $26.00

subject

professional_accounting

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