20 -year, 10% annual coupon, callable convertible bond will sell at its $1,000 par value; straight-debt issue would require a 12% coupon. Call the bonds when conversion value >$1,200. P0=$10;D0=$0.74;g=10%.Conversionratio=CR=80shares. What is the straight debt value? A) $850.61 B) $1250.39 C) $149.39 D) $195.59 E) $550.29