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A corporation has issued $10,000,000 of 7 1/4%, 20 year, $1,000 par, convertible debentures, convertible at a ratio of 40:1. The bond is currently trading at 120, while the company's common stock is at 24. The parity price per share is:

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A corporation has issued $10,000,000 of 7 1/4%, 20 year, $1,000 par, convertible debentures, convert...

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