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A 4.5%, semiannual coupon bond has a face value of $1,000 and a time to maturity of 4 years. The bonds are convertible into shares

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A 4.5%, semiannual coupon bond has a face value of $1,000 and a time to maturity of 4 years. The bonds are convertible into shares of common stock at a conversion price of $42.50. The stock price currently is $40.70. Similar, non-convertible bonds have a yield to maturity of 5.6%. The intrinsic value of this bond is and the conversion value is Multiple Choice O $832.62; $982.80 $961.06; $957.65 O $1,014.16: $1,017.50 $1,014.16; $982.80 $1,006.96; $1,017.50

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