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A bond with a face value of $1,000 can be converted into 33 shares of stock. What is the conversion value if the stock is

A bond with a face value of $1,000 can be converted into 33 shares of stock. What is the conversion value if the stock is selling for $29.80 a share?

$1,000

$33.33

$0

$983.40

$30.30

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