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3.Consider a $1,000 par bond that is convertible at $50 0 per share. a. Calculate the bond's conversion ratio. b. Calculate the bond's conversion value

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3.Consider a $1,000 par bond that is convertible at $50 0 per share. a. Calculate the bond's conversion ratio. b. Calculate the bond's conversion value if the issuing firm's stock price is $55 per share. c. The firm has another bond that is identical except that it does not have a conversion feature. That bond sells for $1,050. What is the minimum price at which the convertible bond should sell

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