tylerkrobinson2771 tylerkrobinson2771
  • 17-01-2024
  • Business
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What will happen to the value of a convertible bond issued by a firm whose stock price exceeds the bond's conversion price?
1) The value of the convertible bond will increase
2) The value of the convertible bond will decrease
3) The value of the convertible bond will remain the same
4) Cannot be determined without additional information

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