Multiple Choice
The holders of Looper Industries bond with a face value of $1,000 can exchange that bond for 20 shares of stock. The stock is selling for $35.00. What is the conversion premium?
A) 10.25%
B) 35.00%
C) 42.86%
D) 142.86%
E) None of these.
Correct Answer:
Verified
Correct Answer:
Verified
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