If a $1,000 convertible bond may be converted into 25 shares,the exercise price is $40 a share.

Name: If a $1,000 convertible bond may be converted into 25 shares,the exercise price is $40 a share.
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If the $1,000 convertible bond can be converted into 25 shares, the conversion price can be calculated by dividing the bond's face value ($1,000) by the number of shares it can be converted into (25), which results in a conversion price of $40 per share.

If a $1,000 Convertible Bond May Be Converted into 25