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Question
A bond has a par value of $1,000 and a market price of $1,087.20. The conversion price is $40 and the stock price is $41.75. What is the conversion value?A. $1,043.75
B. $1,250.00
C. $1,481.10
D. $1,500.00
E. $1,652.00
Answer
This answer is hidden. It contains 46 characters.
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