Alley Kat purchased a convertible bond for $1050 with a par value of $1000. The...
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Accounting
Alley Kat purchased a convertible bond for $1050 with a par value of $1000. The bond's conversion price is $40 a share and shares of common stock are currently selling for $41 a share. What is the bonds conversion premium?
0 $25
O $40
O $60
O $80
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