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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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