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A convertible bond is currently selling for $689. It is convertible into 13 shares of common stock that presently sell for $48 per share. The

A convertible bond is currently selling for $689. It is convertible into 13 shares of common stock that presently sell for $48 per share. The conversion premium is

A.) 61 Shares

B.) $65

C.) 13 Shares

D.) $48

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