The Holders of Xenron Corporation's Bond with a Face Value

question 42

Multiple Choice

The holders of Xenron Corporation's bond with a face value of $1,000 can exchange that bond for 35 shares of stock. The stock is selling for $22.00. What is the conversion value of the bond?

• A) $25
• B) $770
• C) $40
• D) $1000

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