Question: Question 1 6 ( 2 . 5 points ) y saved An investor owns a convertible bond with a par value of $ 1 .

Question 16(2.5 points)
y saved
An investor owns a convertible bond with a par value of $1.000 that trades for $925. The bond is convertible into 50 shares of XYZ stock. The current market price of XYZ stock is 17.50 per share. The bond's conversion premium is closest to:
$76.
$50.
$125.
$0.
Question 1 6 ( 2 . 5 points ) y saved An investor

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