Question: A $1,000 par convertible debenture has a conversion price for common stock of $39 per share. With the common stock selling at $48, what is

A $1,000 par convertible debenture has a conversion price for common stock of $39 per share. With the common stock selling at $48, what is the conversion value of the bond? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

Conversion value

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