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Question 3 2 pts A convertible bond has $5,000 par, pays 2.3% annual coupon, matures in 4 years, and is convertible from now through maturity.

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Question 3 2 pts A convertible bond has $5,000 par, pays 2.3% annual coupon, matures in 4 years, and is convertible from now through maturity. Conversion ratio is 43. What is the implied conversion price of this bond? Round your answer to 2 decimal places

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