Question: Conversion (or stock) value What is the conversion for stock) value of the following convertible bond? A $1,000-par.value bond that is convertible into 20 shares

of the following convertible bond? A $1,000-par.value bond that is convertible into

Conversion (or stock) value What is the conversion for stock) value of the following convertible bond? A $1,000-par.value bond that is convertible into 20 shares of common stock. The common stock is currently selling for $20.63 per share The conversion (or stock) value is ) Round to the nearontoont) Conversion (or stock) value What is the conversion for stock) value of the following convertible bond? A $1,000-par-value bond that is convertible Into 20 shares of common stock. The common stock is currently selling for $20.63 per share The conversion for stock) value is $. (Round to the nearest cont)

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