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Jackson Metals, Incorporated, issued a $1,000 convertible corporate bond. Each bond is convertible to 43 shares of the firms common stock. What price must the

Jackson Metals, Incorporated, issued a $1,000 convertible corporate bond. Each bond is convertible to 43 shares of the firms common stock. What price must the common stock reach before investors would consider converting their bond to common stock? Note: Round your answer to 2 decimal places

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