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Hybrid Financing

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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, Pc?

A. $40.00
B. $42.00
C. $44.10
D. $46.31
E. $48.62

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Hybrid Financing
Chocolate Factory's convertible debentures were issued at their $1,000 par value in 2007. At ...

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