The Holders of ZZZ Corporation's Bonds with a Face Value

question 53

Multiple Choice

The holders of ZZZ Corporation's bonds with a face value of $1,000 can exchange that bond for 35 shares of stock.The stock is selling for $25.00.What is the conversion value of the bond?

• A)$1,000
• B)$875
• C)$1,200
• D)$965

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