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Assume that a convertible bond issued by a company has a par value of $1,000 and is currently priced at $1,015. The current common stock

Assume that a convertible bond issued by a company has a par value of $1,000 and is currently priced at $1,015. The current common stock price of the company is $51 and the conversion price is $50. What is the conversion value for the bond? O $1,015 O $1,050 O $1,020 O $1,000

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