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FIN311 Co. issued a 300,000 Baht convertible corporate bond. Each bond is convertible to 6,828.43 shares of the firms common stock. What price must the

FIN311 Co. issued a 300,000 Baht convertible corporate bond. Each bond is convertible to 6,828.43 shares of the firms common stock. What price must the common stock reach before investors would consider converting their bond to common stock? (Round your answer to 2 decimal places.)

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