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A bond has a par value of $1,000, a market value of $900, a conversion price of $45, and an associated stock price of $40.

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A bond has a par value of $1,000, a market value of $900, a conversion price of $45, and an associated stock price of $40. The premium over conversion value is a. $0. b. $5.00. c. $11.11. d. $100.00. Oo oo

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