The bonds of generic labs inc have a conversion premium of, Finance Basics

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The bonds of generic labs inc have a conversion premium of

Question: The bonds of Generic Labs, Inc., have a conversion premium of $75. Their conversion price is $25. The common stock price is $21.50. What is the price of the convertible bond? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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