DNA Labs Inc. has a $1,000 convertible bond outstanding that can be converted into 50 shares...
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DNA Labs Inc. has a $1,000 convertible bond outstanding that can be converted into 50 shares of common stock. The common stock is currently selling for $34.30 a share, and the convertible bond is selling for $1,758.50. (Round the final answers to 2 decimal places.) a. What is the conversion value of the bond? b. What is the conversion premium? c. What is the conversion price? O a. a. Conversion value $40.00 $1,615.00 b. Conversion premium $33.50 c. Conversion price O b. a. Conversion value $30.00 $1,315.00 b. Conversion premium $13.50 c. Conversion price O c. a. Conversion value $40.00 $1,915.00 b. Conversion premium $53.50 c. Conversion price O d. a. Conversion value $40.00 $1,215.00 b. Conversion premium $23.50 c. Conversion price e. a. Conversion value $20.00 $1,715.00 b. Conversion premium $43.50 c. Conversion price Clear my choice DNA Labs Inc. has a $1,000 convertible bond outstanding that can be converted into 50 shares of common stock. The common stock is currently selling for $34.30 a share, and the convertible bond is selling for $1,758.50. (Round the final answers to 2 decimal places.) a. What is the conversion value of the bond? b. What is the conversion premium? c. What is the conversion price? O a. a. Conversion value $40.00 $1,615.00 b. Conversion premium $33.50 c. Conversion price O b. a. Conversion value $30.00 $1,315.00 b. Conversion premium $13.50 c. Conversion price O c. a. Conversion value $40.00 $1,915.00 b. Conversion premium $53.50 c. Conversion price O d. a. Conversion value $40.00 $1,215.00 b. Conversion premium $23.50 c. Conversion price e. a. Conversion value $20.00 $1,715.00 b. Conversion premium $43.50 c. Conversion price Clear my choice
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