Determine the conversion price

Reference no: EM1353113

Chocolate Factory's convertible debentures were issued at their $1,000 par value in 2007. At any time prior to maturity on February 1, 2027, a debenture holder can exchange a bond for 25 shares of common stock. What is the conversion price, Pc?

a. $40.00

b. $42.00

c. $44.10

d. $46.31

e. $48.62

Reference no: EM1353113

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