A bond has a par value of 1000 and a market price of 108720
A bond has a par value of $1,000 and a market price of $1,087.20. The conversion price is $40 and the stock price is $41.75. What is the conversion value?
A.) $1,043.75 B.) $1,250.00 C.) $1,481.10 D.) $1,500.00 E.) $1,652.00
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