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A $1,000 convertible debenture has a conversion price of $75 per share, an annual coupon payment of $55, and a related stock price of $72.40

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A $1,000 convertible debenture has a conversion price of $75 per share, an annual coupon payment of $55, and a related stock price of $72.40 per share. What is the conversion value of this bond? Multiple Choice $1,055.00 $1,052.40 $992.68 $965.33 $1,000.00

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