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Dna labs inc has a 1000 convertible bond outstanding that

Question: DNA Labs, Inc., has a $1,000 convertible bond outstanding that can be converted into 40 shares of common stock. The common stock is currently selling for $26.75 a share, and the convertible bond is selling for $1,118.50.

a. What is the conversion value of the bond?

b. What is the conversion premium?

c. What is the conversion price?

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