-> 416 8.31 Zippy Corporation just sold $30 million of convertible bonds with a conversion ratio of 40. Each $1,000 bond is convertible into 25 shares of Zippy's stock. a. What is the conversion price of Zippy's stock? b. If the current price of Zippy's stock is $15 and the Company's annual stock return is normally distributed with a standard deviation of $5, what is the probability that investors will find it attractive to convert the bond into Zippy stock in the next year? 1. According to the WTO and its MFN principle, all preferential tariffs granted to a member have to be extended to all others. However, there are exceptions to this rule; and this is where all preferential trade agreements originate. The EU, for ex- ample, is an exception, even if it is of the most complete kind. List the typologies existing in this area and how would a country select which to belong to? Explain with an example