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A $1,000 par convertible debenture has a conversion price for common stock of $70 per share. With the common stock selling at $90, what is

A $1,000 par convertible debenture has a conversion price for common stock of $70 per share. With the common stock selling at $90, what is the conversion value of the bond? Multiple Choice $1,324.29 $1,000.00 $1,350.00

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