$1)$ Use the following information for problems $14$ thru $16.$ The following facts are available about a convertible bond: Face Value $=$ $$1,000$; Issue Price $=$ $$975$; Conversion Ratio $=50$; Current Market Share Price $=$ $$17\mathrm{.}50.$

What is the bond s parity?

a$.$ $$875$

b$.$ $$975$

c$.$ $$1,750$

d$.$ $$1,750$

$2)$ Use the following information for problems $14$ thru $16.$ The following facts are available about a convertible bond: Face Value $=$ $$1,000$; Issue Price $=$ $$975$; Conversion Ratio $=50$; Current Market Share Price $=$ $$17\mathrm{.}50.$

What is the bond s premium?

a$.$ $$100$

b$.$ $$875$

c$.$ $$975$

d$.$ $$1,000$