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Plunkett Gym Equipment Inc. has a $1,000 par value convertible bond outstanding that can be converted into 40 shares of common stock. The common stock

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Plunkett Gym Equipment Inc. has a $1,000 par value convertible bond outstanding that can be converted into 40 shares of common stock. The common stock is currently selling for $30.60 a share, and the convertible bond is selling for $1.252.00 a. What is the conversion value of the bond? (Do not round intermediate calculations and round your answer to 2 decimal places.) Conversion value b. What is the conversion premium? (Do not round intermediate calculations and round your answer to 2 decimal places.) Converse promi c. What is the conversion price? (Do not round Intermediate calculations and round your answer to 2 decimal places.) Conversion price

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