Question: Use the following information for problems 3 4 thru 3 6 . The following facts are available about a convertible bond: Face Value = $

Use the following information for problems 34 thru 36.
The following facts are available about a convertible bond: Face Value = $1,000; Issue Price = $950; Conversion Ratio =20; Current Market Share Price = $25.00
34. What is the conversion price of t
35. What is the bonds parity?
36. What is the bonds premium?

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