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Conversion parity

Hi all,

I don’t suppose someone could help me out with conversion parity as I am reading two contradicting things from two different books. 

Let’s say a stock was priced at $30. If it is trading above $30, does this mean that it is above parity or below parity?

Any help would be appreciated!

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above means to be above and below means to be below.

If a number is trading “above” 30, it is above parity.