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Suppose a convertible bond is selling at $990 with par value of $1,000 and is convertible into 50 shares of a firms stock. The firms

Suppose a convertible bond is selling at $990 with par value of $1,000 and is convertible into 50 shares of a firms stock. The firms current stock is $16 per share. Whats the conversion premium? A. $150 B. $170 C. $190 D. $90

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