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A $100 par convertible debenture has a conversion price for common stock of $46 per share. With the common stock selling at $55, what is

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A $100 par convertible debenture has a conversion price for common stock of $46 per share. With the common stock selling at $55, what is the conversion value of the bond? (Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in your response.) Conversion value $0

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