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Chocolate Factorys convertible debentures were issued at their $1,000 par value in 2007. At any time ...

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Chocolate Factorys convertible debentures were issued at their $1,000 par value in 2007. At any time ...

Chocolate Factory’s convertible debentures were issued at their $1,000 par value in 2007. At any time prior to maturity on February 1, 2027, a debenture holder can exchange a bond for 25 shares of common stock. What is the conversion price, P_c?

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$40.00

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$42.00

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$44.10

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$46.31

Textbook

Financial Management: Theory and Practice

Edition: 4^th

Authors: Brigham, Ehrhardt, Gessaroli, Nason

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cacerami Author

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