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A firm has an outstanding bond with a $1,000 par value that is convertible at $40 per share of common stock. If the current market

A firm has an outstanding bond with a $1,000 par value that is convertible at $40 per share of common stock. If the current market value of common stock per share is $45, the conversion value of the bond is $1,125. O $1,000. $880. O $1,200

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