A convertible bond has a par value of $1,000, but its current market price is $975. The current price of the issuing company's stock is $26, and the conversion ratio is 34 shares. The bond's market conversion value is .

$884

Explanation:

A convertible bond can be defined as bond which are in form of a fixed-income corporate debt security which help to yields interest payments. Although this CONVERTIBLE BOND can as well be converted into a number of equity shares due to the fact that the conversion from the bond to stock can sometimes be done at a specific times during the bond's life because it is said to usually be at discretion of the bondholder.

The current price of the issuing company's stock is $26 × The conversion ratio is 34 shares

=$884

Therefore The bond's market conversion value is $884

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