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Assume I have a bond that pays $ 3 0 in interest, semiannually, and has a face value of $ 1 0 0 0 .

Assume I have a bond that pays $30 in interest, semiannually, and has a face value of $1000. If the bond matures in 10 years and has a yield to maturity of 6.5%, what is the price of the bond today? What is its current yield? If I were to make this bond a convertible bond wherein I could exchange the bond for 15 shares of stock of the firm, what is the price of the stock I would be willing to convert at, given the current price of the bond?

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