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You have purchased a convertible bond for $1,133.12. It is convertible into 34 shares of the firm's common stock. The current stock price is $19.20

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You have purchased a convertible bond for $1,133.12. It is convertible into 34 shares of the firm's common stock. The current stock price is $19.20 per share. a. What is the market conversion value of the bond? (Round your answer to 2 decimal places.) Market conversion value $ b. What is the conversion premium? (Round your answer to 2 decimal places.) Conversion premium SC c. Will you choose to convert the stock now? Click to select)

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