Each debenture can be converted into 25 shares of common, Ask an Expert

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Orient Airlines' common stock currently sells for $33, and its eight percent convertible debentures (issued at par, or $1,000) sell for $850. Each debenture can be converted into 25 shares of common stock at any time before 2019. What is the conversion value of the bond?

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Accounting Basics, Accounting

Category:- Accounting Basics
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