Question: Mainord Corporation issues $ 1 comma 0 0 0 comma 0 0 0 of 1 0 minus year , 6 % convertible bonds. Each $

Mainord Corporation issues $ 1 comma 000 comma 000 of 10minusyear,6% convertible bonds. Each $1,000 bond is convertible into 26 common shares. On the date of the issue, the shares had a par value of $ 80 per share. How many shares will be issued at conversion?

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