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 50 shares

Conversion (or stock) value What is the conversion (or stock) value

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 50 shares of common stock. The common stock is currently selling for $44.29 per share. The conversion (or stock) value is $ (Round to the nearest cent.)

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