Question: A $1,000 par convertible debenture has a conversion price for common stock of $85 per share. With the common stock selling at $90, what is

A $1,000 par convertible debenture has a conversion price for common stock of $85 per share. With the common stock selling at $90, what is the conversion value of the bond? Multiple Choice $1,090.59 $1,000.00 $1,111.76 $1,058.82 $1,027.06

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