10. value: 1.00 points A company has a convertible bond outstanding with a conversion price of $50 and maturity in 10 years. The company's share price is $24.25. This convertible bond is comparable to a 10-year coupon bond traded in the market with face value of $1,000, annual coupon rate of 9%, and required return of 12%. What is the floor value of this convertible bond? O $928.34 $24.25 O $485 O $2,575 O $830,49 eBook & Resources Go to LO5