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Johnson's Limited issues, $390,000,000 convertible bonds. Its stock is currently trading at $30 per share. At conversation, Yardie is expected to convert the bonds into

Johnson's Limited issues, $390,000,000 convertible bonds. Its stock is currently trading at $30 per share. At conversation, Yardie is expected to convert the bonds into 10,000,000 shares. What is the conversion premium?

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