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What is the market conversion price of a convertible security? the price that an investor pays for the common stock if the convertible bond is

What is the market conversion price of a convertible security?

the price that an investor pays for the common stock if the convertible bond is purchased and then converted into the stock.

the price that an investor pays for the common stock in the market.

the value of the embedded call option.

the value of the security if it is converted immediately.

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