Question: Conversion (or stock) value What is the conversion (or stock) value of the following convertible bond? A $1,000-par-value bond that is convertible into 40 shares

Conversion (or stock) value What is the conversion (or stock) value of the following convertible bond? A $1,000-par-value bond that is convertible into 40 shares of common stock The common stock is currently selling for $56 81 per share The conversion (or stock) value is $ (Round to the nearest dollar )

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