A 1000 par convertible debenture has a conversion price for, Ask an Expert

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A $1,000 par convertible debenture has a conversion price for common stock of $45 per share. With the common stock selling at $54, what is the conversion value of the bond? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Conversion value $

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