Campbell, Incorporated, has a $$1,000$ face value convertible bond issue that is currently selling in the market for $$960.$ Each bond is exchangeable at any time for $17$ shares of the company$$s stock. The convertible bond has a $4\mathrm{.}6$ percent coupon, payable semiannually. Similar nonconvertible bonds are priced to yield $7\mathrm{.}1$ percent. The bond matures in $20$ years. Stock in the company sells for $$47$ per share.

a$-1.$ What is the conversion ratio?

a$-2.$ What is the conversion price? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

a$-3.$ What is the conversion premium? $($Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

b$-1.$ What is the straight bond value? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

b$-2.$ What is the conversion value? $($Do not round intermediate calculations and round your answer to the nearest whole number, e$.$g$.,32.)$

c$.$ What would the stock price have to be for the conversion value and the straight bond value to be equal? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

d$.$ What is the option value of the bond? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$