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ABC Inc. issued convertible bonds with a conversion price of $51.90. The bonds are available for immediate conversion. The current price of the company's common

ABC Inc. issued convertible bonds with a conversion price of $51.90. The bonds are available for immediate conversion. The current price of the company's common stock is $44.90 per share. The current market price of the convertible bonds is $915. The convertible bonds' straight value is not known.

What is the minimum price for the convertible bonds?

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