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a ccovertible bond has a face value of 1000 and a conversion price of 12.50. the bond has a 6 percent coupon, pays interest semiannually,

a ccovertible bond has a face value of 1000 and a conversion price of 12.50. the bond has a 6 percent coupon, pays interest semiannually, and matures in 12 years. similar bonds are yielding 9 percent. the current price of the stock is 13.40 per share. what is the straight bond value

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