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A bond has a face value of $15,000 and a conversion ratio of 590 The stock is currently trading at $ 16 What is the

A bond has a face value of

$15,000

and a conversion ratio of 590

The stock is currently trading at

$ 16

What is the conversion price?

$ 16.40

$ 10.17

$ 59.00

$ 25.42

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