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