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The holder of a $1,000 face value bond has the right to exchange the bond any time before maturity for shares of stock priced at

The holder of a $1,000 face value bond has the right to exchange the bond any time before maturity for shares of stock priced at $50 per share. The $50 is called the:

A. striking price

B. stated price

C. exercise price

D. None of the others

E. conversion price

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