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The bonds of Generic Labs Inc. have a conversion premium of $80. Their conversion price is $10. The common stock price is $700. What is

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The bonds of Generic Labs Inc. have a conversion premium of $80. Their conversion price is $10. The common stock price is $700. 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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