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1. If a $1.000 convertible bond has a conversion price of $40 and the current stock price is $30, what is the expected minimum bond

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1. If a $1.000 convertible bond has a conversion price of $40 and the current stock price is $30, what is the expected minimum bond price? (2 points) 5750 $1,250 $1,000 2. If a $1,000 convertible bond has a conversion price of $40 and the current stock price is $50. what is the expected minimum bond price? (2 points $1250 5750 S100

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