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The bonds of Generic Labs Inc. have a conversion premium of $75. Their conversion price is $20. The common stock price is $18.40. What is

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The bonds of Generic Labs Inc. have a conversion premium of $75. Their conversion price is $20. The common stock price is $18.40. What is the price of the convertible bond? (Do not round intermediate calculations and round your answer to 2 decimal places.) Convertible bond price

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