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Bubba buys a bond issued at par with a 5% coupon that is convertible into...

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Bubba buys a bond issued at par with a 5% coupon that is convertible into common stock at $40.

What conversion ratio does Bubba determine?

A.

40

B.

30

C.

25

D.

15

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  • Update on: Feb 7, 2026
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TESTED 07 Feb 2026