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Reuth Corporation has 9% convertible debentures that were issued at par of $1000, and currently sell for $750. Each debenture can be converted into 35

Reuth Corporation has 9% convertible debentures that were issued at par of $1000, and currently sell for $750. Each debenture can be converted into 35 shares of common stock. The company's current stock price is $25. What is the conversion value of the bond?

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