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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 bonds of Generic Labs, Inc., have a conversion premium of $75. Their conversion price is $20. The common stock price is $18.40. |
What is the price of the convertible bond? (Omit the "$" sign in your response.) |
Convertible bond price | $ |
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