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Posted on Jul 11, 2024

A bond has a conversion ratio of 2 2 , a $ 1 , 0 0 0 par value, and a market price of $

A bond has a conversion ratio of

22,

a $

1, 000

par value, and a market price of $

1, 038 .

The stock is selling for $

44.44 .

What is the conversion value?

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