Question: Please help me solve. I will leave a thumbs up! A $1,000 face value convertible bond has a conversion ratio of 36 and is about

Please help me solve. I will leave a thumbs up!

A $1,000 face value convertible bond has a conversion ratio of 36 and is about to mature. Ignoring any transaction costs, what price must the stock surpass in order for you to convert? The required price per share will be $ (Round to the nearest cent.)

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