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Anna Conda purchased a $1000 par value, 4% coupon, 25-year, convertible bond for $950 with a conversion price of $25. If the common stock is

Anna Conda purchased a $1000 par value, 4% coupon, 25-year, convertible bond for $950 with a conversion price of $25. If the common stock is currently selling for $23.00, what is the conversion premium?

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