Assume you purchased a $2,000 convertible corporate bond. The bond can be converted into 40 shares of the firm's stock. What is the dollar value that the stock must reach before investors would consider converting to common stock?
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- Suppose you own 2,000 common shares of Laurence Incorporated. The EPSis $10.00, the DPS is $3.00, and the stock sells for $80 per share. Laurenceannounces a 2-for-1 split. Immediately after the split, how many shareswill you have, what will the adjusted EPS and DPS be, and what would youexpect the stock price to be?Please correct answer the following requirements on these accounting questionCan you explain the correct methodology to solve this general accounting problem?