What is the conversion price, Accounting Basics

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What is the conversion price

Problem:

B&O Railroad's convertible debentures were issued at the $1000 par value in 2002. At any time prior to their maturity on Feb. 1, 2022, a debenture holder can exchange a bond for 25 shares of common stock.

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Question: What is the conversion price.

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Accounting Basics: What is the conversion price

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