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Company TechCraf has issued two bonds. Straight Bond A has a current market price of 99.95. Convertible Bond B has a conversion price of 32

Company TechCraf has issued two bonds. Straight Bond A has a current market price of 99.95. Convertible Bond B has a conversion price of 32 and TechCaft's stock is currently selling at 16 per share.

What would be an approximate value of Bond B?

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