A certain 6% annual coupon rate convert le bond (maturing in 20 years is convertible at the holder's option into 20 shares of common stock The bond is current y trading at $800. The stock (which pays 77 a share in annual dividends) is currently priced in the market at $36. 16 a share a.What is the bond's conversion price? b.What is its conversion ratio? c. What is the conversion value of this issue? What is is conversion parity? d. What is the conversion premium, in dollars and as a percentage? e.What is the bond's payback period? . If comparably rated, nonconvertible bonds sell to yield 8%, what is the investment value of the convertible? a.The bond's conversion price (Round to the nearest cent ) b. The conversion ratio isshares (Round to the nearest integer) . The conversion vakue of this issue i (Round to the nearest cent he conversion parity of this issue is sRound to the nearest cent d. The conversion premium in dolars is S(Round to the nearest cent The conversionpremium as a percentage is[]% (Round to two decimal places) e. The bond's payback perlod is years (Round to one decimal place) t. The investment value of the convertible is s! (Round to the nearest cent) Enter your answer in each of the answer boxes Activate Window