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2. A firm has an outstanding bond with a $1,000 par value that is convertible at $50 per share of common stock. If the
2. A firm has an outstanding bond with a $1,000 par value that is convertible at $50 per share of common stock. If the current market value of common stock per share is $55, the conversion value of the bond is
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Advanced Accounting
Authors: Debra Jeter, Paul Chaney
6th edition
978-1118742945, 111874294X, 978-1119045946, 1119045940, 978-1119119364
