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The Holder of a €1,000 Face Value Bond Has the Right

Question 40

Multiple Choice

The holder of a €1,000 face value bond has the right to exchange the bond anytime before maturity for shares priced at €50 per share.The €50 is called the:


A) conversion price.
B) stated price.
C) exercise price.
D) striking price.
E) None of the above.

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