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5 Plunkett Gym Equipment Incorporated has a $1,000 par value convertible bond outstanding that can be converted into 25 shares of common stock. The common
5 Plunkett Gym Equipment Incorporated has a \$1,000 par value convertible bond outstanding that can be converted into 25 shares of common stock. The common stock is currently selling for $34.75 a share, and the convertible bond is selling for 960 (5). a What is the conversion value of the bond? b What is the conversion premium? c What is the conversion price
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