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Apollo Corporation issues callable $1000 bonds with a conversion privilege. $1000 of bond converts into 40 common shares. The current stock price is 30% lower
Apollo Corporation issues callable $1000 bonds with a conversion privilege. $1000 of bond converts into 40 common shares. The current stock price is 30% lower than the conversion price. What is the current conversion value?
enter a rounded number that looks like this (not the real asnwer)
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