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A $1,000 corporate bond is convertible to 50 shares of the corporation's common stock. What is the minimum price that the stock must obtain before

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A $1,000 corporate bond is convertible to 50 shares of the corporation's common stock. What is the minimum price that the stock must obtain before bondholders would consider converting the bond to stock? Multiple Choice $40.00 $50.00 $10.00

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