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You buy a convertible bond for $1,000. The bond was convertible to 50 shares of stock. At the end of one year, the stock was

You buy a convertible bond for $1,000. The bond was convertible to 50 shares of stock. At the end of one year, the stock was selling for $23.50 per share. You convert your bond. How much profit do you realize by converting assuming that the market value of the bond hasnt changed?

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