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What is the conversion value of the bond

Problem:

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.

1) What is the conversion value of the bond?

2) What is the conversion premium?

3) What is the conversion price?

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Finance Basics: What is the conversion value of the bond

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Finance Basics: What is the conversion value of the bond

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