Question: Please show work in excel where applicable 25. A convertible bond has a par value of $1,000, but its current market price is $950. The

Please show work in excel where applicable 25. A convertible bond

Please show work in excel where applicable

25. A convertible bond has a par value of $1,000, but its current market price is $950. The current price of the issuing company's stock is $17, and the conversion ratio is 40 shares. What is the bond's conversion premium

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