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6. Ford Motor Company has issued 8% convertible debentures, convertible . at a 12.5:1 ratio. Currently the debenture is trading at 90. The stock is trading at 72. What is the conversion price of the stock? 7. In 1996, a customer buys 5 GMAC 10% debentures, Maturity 20’06, at 85. The interest payment dates are Feb 1 and Aug 1. ................
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