Answer:
$884
Explanation:
A convertible bond can be defined as bond which are in form of a fixed-income corporate debt security which help to yields interest payments. Although this CONVERTIBLE BOND can as well be converted into a number of equity shares due to the fact that the conversion from the bond to stock can sometimes be done at a specific times during the bond's life because it is said to usually be at discretion of the bondholder.
The current price of the issuing company's stock is $26 × The conversion ratio is 34 shares
=$884
Therefore The bond's market conversion value is $884
