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The holders of Conan Corporation's bond with a face value of $1000 can exchange that bond for 35 shares of stock. the stock. The stock

The holders of Conan Corporation's bond with a face value of $1000 can exchange that bond for 35 shares of stock. the stock. The stock is currently selling for $22. what is the conversion price?

a.$22

b.$28.57

c.$45.45

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