Question: OReilly Moving Company has a $1,000 par value convertible bond outstanding that can be converted into 20 shares of common stock . The common stock

O’Reilly Moving Company has a $1,000 par value convertible bond outstanding that can be converted into 20 shares of common stock. The common stock is currently selling for $43.10 a share, and the convertible bond is selling for $900.00.
a. What is the conversion value of the bond?
b. What is the conversion premium?
c. What is the conversion price?

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