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In the prospectus summary of The Staples 5% convertible subordinated debentures it is stated: Convertible into Common Stock at a conversion price of $45 per

In the prospectus summary of The Staples 5% convertible subordinated debentures it is stated: Convertible into Common Stock at a conversion price of $45 per share. Since the par value is $1,000, what is the conversion ratio at issue?

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