(Answered) During the past 2 years meacham industries issued three

Finance

During the past 2 years Meacham Industries issued three separate convertible bonds. For each of them, calculate the conversion price:

a. A $1,000-par-value bond that is convertible into 10 shares of common stock.

b. A $2,000-par-value bond that is convertible into 20 shares of common stock.

c. A $1,500-par-value bond that is convertible into 30 shares of common stock.

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