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Question 3 10 pts Coffee Co. issued $1,000 par value bonds with a 5% coupon rate, convertible into 20 shares of its common stock. If

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Question 3 10 pts Coffee Co. issued $1,000 par value bonds with a 5% coupon rate, convertible into 20 shares of its common stock. If the market price of the bond is $1,250 and the stock is now at $60 per share and pays a $1.00 per share annual dividend. What is this bond's conversion premium? O $50 O $100 $250 O $200 10 pts A

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