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A Bond with a Face Value of $1,000 Can Be

Question 54

Multiple Choice

A bond with a face value of $1,000 can be converted into 33 shares of stock.What is the conversion value if the stock is selling for $29.80 a share?

A) $30.30
B) $33.33
C) $983.40
D) $1,000
E) $0

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