Volunteer vegetables common stock currently sells for 33, Ask an Expert

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Volunteer Vegetables' common stock currently sells for $ 33, and its 8% convertible debentures (issued at par, or $1,000) sells for $850. Each debenture can be converted into 25 shares of common stock at any time before 2017. What is the conversion value of the bond?

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M9880510

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