Assertion: convertible bond's conversion price | /r/HasProperty | 40 per share
Facets:
Source sentences:
text: The effective conversion price is, therefore, $40 per share ($1000 divided by 25).
text: So for our five-year convertible bond with the $1,000 face value and the 5-percent yield or par, that means the conversion price is $40 per share, or $1,000 divided by 25.