A $1,000 Convertible Debenture Has a Conversion Price for Common

question 26

Multiple Choice

A $1,000 convertible debenture has a conversion price for common stock of $85 per share.The common stock is selling at $92 a share.What is the conversion value of this bond?

• A)$920.00
• B)$923.91
• C)$1,000.00
• D)$1,082.35
• E)$1,092.00

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