Question: A $ 1 0 0 par convertible debenture has a conversion price for common stock of $ 4 5 per share. With the common stock

A $100 par convertible debenture has a conversion price for common stock of $45 per share. With the common stock selling at $54, what is the conversion value of the bond? (Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit "$" sign in your response.)
Conversion value$

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