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CIT Group (CIT), a subsidiary of First Citizens BancShares, is an American financial services company. It provides financing, including factoring , cash management , treasury management , mortgage loans , Small Business Administration loans, leasing, and advisory services principally to individuals, middle-market companies and small businesses ...
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The price that the convertible investor effectively pays for the right to convert to common stock is called the market conversion price, and is calculated as shown below. [5] The conversion ratio - the number of shares the investor receives when exchanging the bond for common stock - is specified in the bond's indenture.
Circuit City Corporation, Inc., formerly Circuit City Stores, Inc., is an American consumer electronics retail company, which was founded in 1949 by Samuel Wurtzel as the Wards Company, operated stores across the United States, and pioneered the electronics superstore format in the 1970s.
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