d. Suppose the price of Roop’s common stock fell from $55 on the day the bonds were issued to $32.75 now, 15 years after the issue date (also assume the stock price never exceeded $62.75). Assume interest rates remained constant. What is the current price of the straight-bond portion of the convertible bond? What is the current value if a bondholder converts a bond? Do you think it is likely that the bonds will be converted?pg.12