Question: Question 7 (5 points) A convertible bond has a face value of $1,000. The conversion price for common stock is $70 per share. Current stock

Question 7 (5 points) A convertible bond has a face value of $1,000. The conversion price for common stock is $70 per share. Current stock price is $80. The conversion value of the bond is $1,142.86 $1,108.57 $1,177.14 $1,200.00 $1,000.00

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