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Assume that you purchased a $1,000 convertible corporate bond. Also assume the bond can be converted to 29.4118 shares of the firm's stock. What is

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Assume that you purchased a $1,000 convertible corporate bond. Also assume the bond can be converted to 29.4118 shares of the firm's 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.) Conversion price

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