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6. The bonds of VDM, Inc. are convertible into shares of the firm's common stock at $50 per share. The current price of the common

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6. The bonds of VDM, Inc. are convertible into shares of the firm's common stock at $50 per share. The current price of the common stock is $45 per share. The bonds have a $1,000 par value, YTM=6.2%; 12 years to maturity; 6% annual coupon. What is the conversion value? A. $983.41 B. $900 C. $950 D. $738 E. none of the above

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