Multiple Choice
Chocolate Factory's convertible debentures were issued at their $1,000 par value in 2011. At any time prior to maturity on February 1, 2031, a debenture holder can exchange a bond for 25 shares of common stock. What is the conversion price, Pc?
A) $40.00
B) $42.00
C) $44.10
D) $46.31
E) $48.62
Correct Answer:
Verified
Correct Answer:
Verified
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