GMG Corporation issued unsecured bonds with par value of $1,000, coupon rate of 9% and maturity period of 15 years. These bonds can be exchanged for common share at a price of $5 per share. What is the conversion value?

the function makes a strait line horizontally with no x intercept but a y intercept at 9.

correct choice is b

step-by-step explanation:

when you calculate the average rate of change of a function, you are finding the slope of the secant line between the two points. for the function the average rate of change from point to point can be calculated as

to find the average rate of change from day 2 to day 10, note that at day 2, 8 houses were sold, so a(2,8) and at day 10, 2 houses were sold, so b(10,2). thus,