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Jackson Metals, Inc., issued a $1,000 convertible corporate bond. Each bond is convertible to 37 shares of the firm's common stock. 1 (a) What price

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Jackson Metals, Inc., issued a $1,000 convertible corporate bond. Each bond is convertible to 37 shares of the firm's common stock. 1 (a) What price must the common stock reach before investors would consider converting their bond to common stock? (Round your answer to 2 decimal places.) 10 points Conversion price eBook

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