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A certain 6% annual coupon rate convertible bond maturin in 20 years 's convertible at the ho de s option into 2 currently priced in

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A certain 6% annual coupon rate convertible bond maturin in 20 years 's convertible at the ho de s option into 2 currently priced in the market at $32.64 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 its conversion parity? d. What is the conversion premium, in dollars and as a percentage? e. What is the bond's payback period? f. If comparably rated, nonconvertible bonds sell to yield 8%, what is the investment value of the convertible? shares o common stock. T e bond is current y rading a S 0 The stock which pays 7gp a shar annual incen s s a. The bond's conversion price is (Round to the nearest cent.) b. The conversion ratio is shares. (Round to the nearest integer.) c. The conversion value of this issue is $(Round to the nearest cent.) The conversion parity of this issue is d. The conversion premium in collars is (Round to the nearest cent) The conversion premium as a percentage is e. The bond's payback period is ears. (Round to one decimal place.) f.The investment value of the convertible is s. (Round to the nearest cent) . (Round to the nearest cent.) %. (Round to two decimal places.)

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