A$1,000 par value bond with a conversion price of $50 has a conversion ratio of
a. $40
b. 40 shares
c. $20
d. 20 shares

Conversion ratio will be 20 shares

Explanation:

We have given bond value = $1000 per bond

Conversion price = $50

We have to find the conversion ratio

Conversion ratio is the ratio of bond value per bond to the conversion price

So conversion ratio will be equal to

So conversion ratio will be 20 shares

So option (D) will be correct answer

statement of owner"s equity;

a

explanation:

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