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You own a bond that has a face value of $1,000 and a conversion ratio of 26. You have just received notification that the bond

You own a bond that has a face value of $1,000 and a conversion ratio of 26. You have just received notification that the bond is being called at a premium of $40. The stock price is $41.20 a share. You should _____ your bond because the conversion value is _____.

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