=+a. The conversion price of Bond A, which is a $1,200-par-value bond that is convertible into 50
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=+a. The conversion price of Bond A, which is a $1,200-par-value bond that is convertible into 50 shares of common stock.
b. The conversion price of Bond B, which is an $870-par-value bond that is convertible into 30 shares of common stock.
c. If a bondholder holds a premium and a discount bond each, should the bondholder exercise the conversion for either of those bonds?
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