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Jacques has a convertible bond with a par value of $1,000 that is trading in the market for $925. The bond is convertible into 50

Jacques has a convertible bond with a par value of $1,000 that is trading in the market for $925. The bond is convertible into 50 shares of XYZ stock. The current market price of XYZ stock is 17.50 per share. What is the bonds conversion premium?

Group of answer choices:

$50.

$125.

$76.

$0.

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