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A $1,000 Convertible Debenture Has a Conversion Price for Common

Question 26

Multiple Choice

A $1,000 convertible debenture has a conversion price for common stock of $85 per share.The common stock is selling at $92 a share.What is the conversion value of this bond?


A) $920.00
B) $923.91
C) $1,000.00
D) $1,082.35
E) $1,092.00

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