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The Holders of Xenron Corporation's Bonds with a Face Value

Question 6

Multiple Choice

The holders of Xenron Corporation's bonds with a face value of $1,000 can exchange each of those bonds for 35 shares of stock.The stock is selling for $22 a share.What is the conversion price?


A) $22.00
B) $28.57
C) $35.00
D) $1.30
E) $1.27

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