A bond has a par value of $1,000 and a market price of $1,087.20. The conversion price is $40 and the stock price is $41.75. What is the conversion value?
A) $1,043.75
B) $1,250.00
C) $1,481.10
D) $1,500.00
E) $1,652.00
Correct Answer:
Verified
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