Question: A convertible bond has $ 1 , 0 0 0 par, pays 4 . 4 % annual coupon, matures in 2 years, and is convertible

A convertible bond has $1,000 par, pays 4.4% annual coupon, matures in 2 years, and is convertible from now through maturity. Conversion ratio is 34. What is the implied conversion price of this bond

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