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A bond with a face value of $1,000 can be exchanged for 35 shares of stock with a current market price of $22 per share.

A bond with a face value of $1,000 can be exchanged for 35 shares of stock with a current market price of $22 per share. What would the conversion price and conversion ratio be if the bond's issuer declared a 4-for-1 stock split?

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