Conversion price-chocolate factory convertible debentures


Question:

Chocolate Factory's convertible debentures were issued at their $1,000 par value in 2007. At any time prior to maturity on February 1, 2027, a debenture holder can exchange a bond for 25 shares of common stock. What is the conversion price, Pc?

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Finance Basics: Conversion price-chocolate factory convertible debentures
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