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Score: 0 of 1 pt 15 of 15 (12 complete) HW Score: 73.33%, 11 of 15 pts P10.20 (similar to) Question Help Assume you just

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Score: 0 of 1 pt 15 of 15 (12 complete) HW Score: 73.33%, 11 of 15 pts P10.20 (similar to) Question Help Assume you just paid $1,283 for a convertible bond that carries a(n) 9.19% coupon and has 15 years to maturity. The bond can be converted into 24 shares of stock, which are now trading at $50 a share. Find the bond investment value of this issue, given that comparable nonconvertible bonds are currently selling to yield 10.96%. The bond investment value of this issue is $ (Round to the nearest cent.)

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