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Anna Conda purchased a $1000 par value, 9% coupon, 15-year, convertible bond for $960 with a conversion price of $50. If the common stock is

Anna Conda purchased a $1000 par value, 9% coupon, 15-year, convertible bond for $960 with a conversion price of $50. If the common stock is currently selling for $42.00, what is the conversion premium? O $40 $60 O$80 $120 $140

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