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Green Woods (GW) raised $200 million by issuing 7% $1,000 par value convertible bonds due in 10 years. Each bond is convertible into 20 shares

Green Woods (GW) raised $200 million by issuing 7% $1,000 par value convertible bonds due in 10 years. Each bond is convertible into 20 shares of GW common stock any time before maturity. What is the conversion price and conversion premium if the GW stock is currently trading for $40?

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