When the price of the firm\'s common stock ________ the conversion price, the ma

Question

When the price of the firm's common stock ________ the conversion price, the market price of the convertible security will normally ________ to a level close to its conversion value. Answer falls below; rise rises above; fall rises above; rise equals; fall When the price of the firm's common stock ________ the conversion price, the market price of the convertible security will normally ________ to a level close to its conversion value. falls below; rise rises above; fall rises above; rise equals; fall falls below; rise rises above; fall rises above; rise equals; fall

Explanation / Answer

when the price of the firms common stock rises above the conversion price, the market price of the convertible security will normally rise to a leve close to its conversion value

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