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    Principles of Managerial Finance
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    Exam 17: Hybrid and Derivative Securities
  5. Question
    Because a Security Is First Sold with a Conversion Price
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Because a Security Is First Sold with a Conversion Price

Question 144

Question 144

True/False

Because a security is first sold with a conversion price above the current market price of the firm's stock, conversion is initially not attractive.

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