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Posted: **Thu May 05, 2022 8:31 am**

: 16 B O Railroad S Convertible Bonds Were Issued At Their 1 000 Par Value In 1987 At Any Time Prior To Maturity On Feb 1 (15.63 KiB) Viewed 35 times

16. B&O Railroad's convertible bonds were issued at their $1,000 par value in 1987. At any time prior to maturity on February 1, 2007, a bond holder can exchange a bond for 25 shares of common stock. What is the conversion price? d) $1,025 a) $25 b) $1,000 c) $40 e) $50