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What is the conversion price

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Plunkett Gym Equipment, Inc. has a $1,000 par value convertible bond outstanding that can be converted into 25 shares of common stock. The common stock is currently selling for $34.75 a share, and the convertible bond is selling for $960.

a. What is the conversion value of the bond?

b. What is the conversion premium?

c. What is the conversion price?

Reference no: EM131143543

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