Santol, Inc. has convertible bonds. Use the following data to determine their conversion ratio. | Cheap Nursing Papers
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Santol, Inc. has convertible bonds. Use the following data to determine their conversion ratio.

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Santol, Inc. has convertible bonds. Use the following data to determine their conversion ratio. Maturity 20 years, stock price $20, Par value $1,000, conversion price $25, Annual coupon 9%, stright debt yield 12%.

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