Blue Company has convertible bonds outstanding with 10 years to maturity, face value of $1,000 and a coupon rate of 7% paid annually. The bond contains an option to convert into 10 shares of common stock. Currently, corresponding non-convertible bonds of Blue Company with 10 years yield 9%. Blue Company does not distribute dividends. a) Today, Blue common stock closed at $100 per share. What is the lowest price that this convertible bond could be trading at? b) How would your answer change if today's stock price is $80 per share? Give a numerical answer, not just a direction of change. c) How would your answer change if today's stock price is $60 per share? Give a numerical answer, not just a direction of change. d) What will you do if the corporation calls the convertible bond? Assume the current stock price is $90, and the call price is $1010.