A convertible bond has the following features: a. The bond may be converted into how many shares? b. If comparable non-convertible debt offered an annual yield of 12 percent, what would be the value of this bond as debt? c. If the stock were selling for $49.50, what is the value of the bond in terms of stock? d. Would you expect the bond to sell for its value as debt (i.e., the value determined in b) if the price of the stock were $49.50 ? If not, what price should it at least sell for? e. If the price of the bond were $960, what are the premiums paid over the bond's value as stock and its value as debt? f. What is the probability that the bond will be called when the price of the stock is $49.50