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    Exam 24: The Many Different Kinds of Debt
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    The Holder of a $1,000 Face Value Bond Can Be
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The Holder of a $1,000 Face Value Bond Can Be

Question 44

Question 44

Multiple Choice

The holder of a $1,000 face value bond can be exchanged any time for 25 shares of stock. Then the conversion price is:


A) $40
B) $25
C) $100
D) None of the above.

Correct Answer:

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