What is conversion value of the bond

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Reference no: EM131548226

Sullivan Corporation issued 12% convertible debentures that were issued at par and currently sell for $1,075. Each debenture can be converted into 25 shares of common stock. The company's current stock price is $42. What is the conversion value of the bond? $595 None of the above $1,875 $1,806 $1,050.

Reference no: EM131548226

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