Question: Marigold Inc. has a ( $ 1 , 0 0 0 ) convertible bond outstanding that is currently selling at (

Marigold Inc. has a \(\$ 1,000\) convertible bond outstanding that is currently selling at \(\$ 1,300\). The bond can be converted into 40 common shares and the current common share price is \(\$ 31\) per share. Calculate the conversion price, conversion value and conversion premium of the bond. (Round Conversion premium of the bond to 1 decimal place, e.g.3.5\% and other answers to 0 decimal places, e.g.4,234.)
Marigold Inc. has a \ ( \ $ 1 , 0 0 0 \ )

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