Question: Jack owns a convertible bond with a $ 1 , 0 0 0 face value that be exchanged for 2 5 shares of WUF stock,

Jack owns a convertible bond with a $1,000 face value that be exchanged for 25 shares of WUF stock, which is trading at $50 per share. The conversion value equals?
a. $0.
b. $250.
c. $1,000.
d. $1,250.
Jack owns a convertible bond with a $ 1 , 0 0 0

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