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Question 4 2 pts A convertible bond has $1,000 par, pays 2.6% annual coupon, and is convertible from now through maturity. Conversion ratio is 19.

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Question 4 2 pts A convertible bond has $1,000 par, pays 2.6% annual coupon, and is convertible from now through maturity. Conversion ratio is 19. The convertible bond is trading at $1,083.64 today. What is the market conversion price of this bond? Round your answer to 2 decimal places

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