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20.00 points The bonds of Goniff Bank & Trust have a conversion premium of $33. Their conversion price is $25. The common stock price is

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20.00 points The bonds of Goniff Bank & Trust have a conversion premium of $33. Their conversion price is $25. The common stock price is $21.50. Assume each bond has a $1,000 par value. What is the price of the convertible bonds? (Do not round intermediate calculations and round your answer to 2 decimal places.) Convertible bond price

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