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The bonds of Generic Labs Inc. have a conversion premium of $ 6 5 . Their conversion price is $ 2 5 . The common

The bonds of Generic Labs Inc. have a conversion premium of $65. Their conversion price is $25. The common stock price is $21.50. 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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