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Plunkett Gym Equipment Incorporated has a $ 1 , 0 0 0 par value convertible bond outstanding that can be converted into 5 5 shares

Plunkett Gym Equipment Incorporated has a $1,000 par value convertible bond outstanding that can be converted into 55 shares of common stock. The common stock is currently selling for $36.70 a share, and the convertible bond is selling for $2.05610.
a. What is the conversion value of the bond?
Note: Do not round Intermedlate calculatlons and round your answer to 2 decimal places.
b. What is the conversion premium?
Note: Do not round Intermedlate calculations and round your answer to 2 decimal places.
Conversion premium
c. What is the conversion price?
Note: Do not round Intermediate calculations and round your answer to 2 decimal places
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