ABC Manufacturing Corp issued a 25-year, 10% annual coupon, callable convertible bond will sell at its $1,000 par value; straight-debt issue would require a 12% coupon. The stock is trading at $15 today and the growth rate is expected to be 5% for ever. If the conversion ratio is 50 shares calculate the conversion price: A) $25 B)$22 C) $20 D) $30 E) $15 OA B O D OE ABC Manufacturing Corp issued a 25-year, 10% annual coupon, callable convertible bond will sell at its $1,000 par value; straight-debt issue would require a 12% coupon. The stock is trading at $15 today and the growth rate is expected to be 5% for ever. The bond can be converted to 50 shares by the holder anytime after five years. What is the value of bond in five years? A) $845 B)$850 C) 957 D) 597 E) $1000 OA O B O C O D E ABC Manufacturing Corp issued a 25-year, 10% annual coupon, callable convertible bond will sell at its $1,000 par value; straight-debt issue would require a 12% coupon. The stock is trading at $15 today and the growth rate is expected to be 5% for ever. The bond can be converted to 50 shares by the holder anytime after five years. What is the floor value in five years? A) $845 B)$850 C) 957 D) 597 E) $1000 OA B D OE