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UFO Inc previously issued 100 bonds that will convert into 2,000 shares of $8 per common stock. The current value of the bonds is $98,932.

UFO Inc previously issued 100 bonds that will convert into 2,000 shares of $8 per common stock. The current value of the bonds is $98,932. The common stock is currently selling for $22 per share. The bonds pay 6 percent interest.

What will be the amount of pain in capital as a result of the bond conversion?

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