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You gather the following information on a convertible bond: Issue date: 3 0 June 2 0 2 0 Maturity date: 3 0 June 2 0

You gather the following information on a convertible bond:
Issue date: 30 June 2020
Maturity date: 30 June 2024
Coupon: 4% payable annually
Issue price: $1,000 at par
Current market price: $1,200
Conversion ratio: 30
The conversion price of the bond is closest to:

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