Each debenture can be converted into 25 shares of common


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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Finance Basics: Each debenture can be converted into 25 shares of common
Reference No:- TGS0639878

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