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At its issue, the conversion price of the underlying stock of a convertible debenture is set at $25. What does the price of the bond

At its issue, the conversion price of the underlying stock of a convertible debenture is set at $25. What does the price of the bond need to be when the underlying stock is trading at $30 for the convertible stock and the bond to be at parity?

A $2,000

B $1,000

C $1,200

D $750

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