Market price per share would make this par bond

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Reference no: EM131346138

On 1/1/15, the Larson Co. issues a $10,000 bond @103. The bond is convertible into 400 shares on Larson common stock. The fair market value of the shares on the issue date exceeds the face value of the bond. Following GAAP, what market price per share would make this a par bond (i.e. no discount or premium)

Reference no: EM131346138

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