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Assume that you purchased a $1,000 convertible corporate bond. Also assume the bond can be converted to 23.2558 shares of the firms stock. What is

Assume that you purchased a $1,000 convertible corporate bond. Also assume the bond can be converted to 23.2558 shares of the firms stock. What is the dollar value that the stock must reach before investors would consider converting to common stock? (Round your answers to the nearest whole dollar amount.)

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