A any time prior to maturity on february 1 2029 a

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Chocolate Factory's convertible debentures were issued at their $1,000 par value in 2009. At any time prior to maturity on February 1, 2029, a debenture holder can exchange a bond for 25 shares of common stock. What is the conversion price, Pc?

(a) $40.00
(b) $42.00
(c) $44.10
(d) $46.31
(e) $48.62

Reference no: EM13568311

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