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An investor owns a bond selling for $3,000. This bond can be converted into 40 shares of stock that are currently selling for $52 per
"An investor owns a bond selling for $3,000. This bond can be converted into 40 shares of stock that are currently selling for $52 per share. Should the investor convert his bond
into shares?"
a- "Yes, as the investor will have $3000 profit."
b-"Yes, as the investor will have $2080 profit."
c-"No, as the investor will have $920 loss."
d- "No, as the investor will have $3000 loss."
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