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The bonds of Generic Labs Inc. have a conversion premium of $60. Their conversion price is $25. The common stock price is $2100. What is

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The bonds of Generic Labs Inc. have a conversion premium of $60. Their conversion price is $25. The common stock price is $2100. What is the price of the convertible bond? (Do not round intermediate calculations and round your answer to 2 decimal places.) Converible bond price

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