1. A 8.5% convertible bond has a conversion ratio of 43 shares and is currently selling at $1,150. The common stock is currently at $21.50. Calculate the conversion value of the bond and the conversion premium, if any. 2. A 7.1%, 15-year convertible bond has a conversion rate of 27 and is selling at a 14% premium. The common stock is selling at 51.50. What is the current price of the bond? 3. A 9.8%, 17-year callable bond has a deferred call provision of 4 years and a call premium of $92. The bond is selling at a quote of 91.65. Calculate the bond's current yield, yield to maturity and yield to call.