Question: Please with full steps and explanation. Question 9 1 pts A $1,000 face value bond can be exchanged any time for 25 shares of stock.

 Please with full steps and explanation. Question 9 1 pts A

Please with full steps and explanation.

Question 9 1 pts A $1,000 face value bond can be exchanged any time for 25 shares of stock. Then the conversion price is $100 $975 $25 $40

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