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ASAP Doctor's Hospital issued a 15 year, 4.75 percent convertible subordinated bond due 2037. The conversion price is $47 and the bond is callable at

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Doctor's Hospital issued a 15 year, 4.75 percent convertible subordinated bond due 2037. The conversion price is $47 and the bond is callable at S1027.50. The market price of the convertible bond is 5910 and the price of the common stock is $41.50. a) What is the current yield of this bond? b) What is the value of the bond in terms of common stock? c) What is the conversion value? d) What is the premium in terms of stock that you would pay when you purchase the bond instead of stock? e) What is the price of the bond if comparable nonconvertible bonds are selling with a yield to maturity of 7%? f) What is the probability that Doctor's Hospital will call this bond

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