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2 A $1,000 par convertible debenture has a conversion price for common stock of $18 per share. With the common stock selling at $25,

2 A $1,000 par convertible debenture has a conversion price for common stock of $18 per share. With the common stock selling at $25, what is the conversion value of the bond? 3 4 Input Area: 5 6 Par value 7 Conversion price 8 Common stock price 9 $1,000 $18 $25 10 (Use cells A6 to B8 from the given information to complete this question.) 11 12 Output Area: 13 14 Conversion ratio 15 Conversion value 16 +

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