Alicia owns a $1,000 face value bond that can be converted into 20 shares of AB Limited stock. Which one of the following terms refers to these 20 shares?
Refer to section 24.7
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20.
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The difference between the conversion price and the current stock price, divided by the current stock price, is called the:
Refer to section 24.7
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21.
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Latetia owns a convertible bond. Which one of the following terms would describe the value of this bond if it were not convertible?
Refer to section 24.7
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22.
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Brad owns a convertible bond. Which one of the following terms would apply to the value of this bond if he were to convert it into shares of stock today?
Refer to section 24.7
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23.
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Which one of the following statements correctly describes your situation as the holder of a European call option?
Refer to section 24.1
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