1. What is the current yield for the bond Mary purchased if it is quoted at a price of 106? (Hint: Current yield = annual interest payment / current bond price and tells you how much interest is earned for every $100 invested in the bond. So a 3.5% current yield for a bond implies that every $100 invested in such a bond will earn an annual interest of 3.5% of $100 or $3.50) (5 pts) 4.97% 5.02% 6.09% 7.14% 1. Mary's bond is also convertible which means it can be converted into 30 shares of the firm's common stock. What is the minimum stock price that would make such a conversion worthwhile at the bond price quoted in Problem 3? (Hint: If the value of the shares to be gained from the conversion exceeds the current price of the bond, investors would find it more profitable to convert than to continue receiving interest payments on the bond) 33. $33,33 34. $34.33 35. $35.33 36. $36.33