Question: Find the conversion (or stock) value for each of the $1,000-par-value convertible bonds described in the following table. Current market price of stock $42.25 50.00

Find the conversion (or stock) value for each of the $1,000-par-value convertible bonds described in the following table.

Find the conversion (or stock) value for each of the

Current market price of stock $42.25 50.00 44.00 19.50 Conversion Convertible ratio 16 20

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