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Conversion price Calculate the conversion price for each of the following convertible bonds. Page 752
The ans to part c =$20 per share
a. A 1,000 par value bond that is convertible into 20 shares of common stock.
b. A $500 par value bond that is convertible into 25 shares of common stock.
c. A $1,000 par value bond that is convertible into 50 shares of common stock

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