Question: Problem 18-1 Conversion Price (LO3, CFA5) A convertible bond has a $1,000 face value and a conversion ratio of 20. What is the conversion price?

Problem 18-1 Conversion Price (LO3, CFA5) A convertible bond has a

Problem 18-1 Conversion Price (LO3, CFA5) A convertible bond has a $1,000 face value and a conversion ratio of 20. What is the conversion price? (Round your answer to 2 decimal places.) Conversion price

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