Question: 2. 9. Calculating conversion value [LO 24.6] A $1 000 par convertible bond has a conversion price for ordinary shares of $27 per share. With

2. 9.

Calculating conversion value [LO 24.6] A $1 000 par convertible bond has a conversion price for ordinary shares of $27 per share. With the ordinary shares selling at $31, what is the conversion value of the bond?

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