Question: A $100 par convertible debenture has a conversion price for common stock of $38 per share. With the common stock selling at $47, what is

A $100 par convertible debenture has a conversion price for common stock of $38 per share. With the common stock selling at $47, 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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