(Answered) Calculate the conversion price for each of the following

Finance

Calculate the conversion price for each of the following convertible bonds:

a. A $1,000-par-value bond that is convertible into 20 shares of common stock.

b. A $500-par-value bond that is convertible into 25 shares of common stock.

c. A $1,000-par-value bond that is convertible into 50 shares of common stock.

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