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Business, 01.12.2020 14:00 jeanieb

A $1,000 convertible debenture has a conversion price of $75 per share, an annual coupon payment of $55, and a related stock price of $72.40 a share What is the conversion value of this bond? A. S1055.00
B. $1,052.40
C. $965.33
D. $992.68
E. $1,000.00

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