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    Principles of Managerial Finance
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    Exam 6: Interest Rates and Bond Valuation
  5. Question
    A Conversion Feature in a Bond Has a Greater Chance
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A Conversion Feature in a Bond Has a Greater Chance

Question 160

Question 160

True/False

A conversion feature in a bond has a greater chance of being exercised (to the detriment of the bondholder) if market interest rates have risen since the bond was issued.

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