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QUESTION
What is the minimum price (or "floor" price) at which the Neuman's bonds should sell?
What is the minimum price (or "floor" price) at which the Neuman's bonds should sell? If the following is true:Years to maturity:10Stock price:$30.00Par value:$1,000.00Conversion price:$35.00Annual coupon:5.00%Straight-debt yield:8.00%
