Cheung Zap Inc. just issued five-year convertible bonds at a par value of $1,000. At any time before maturity, investors have the option to exchange their bonds for shares of Cheung's common stock at a conversion price of $52.80. Cheung's convertible bonds pay a 6.60% annual coupon, but if Cheung had issued straight-debt bonds (no conversion), it would have had to pay 11.00% annual interest. Based on the information available, complete the table: Value Conversion ratio of Cheung's bond issue: Straight-debt value of this convertible debt issue: Value of the convertible option: per bond per bond Cheung's common stock currently sells for $39 per share. Would an investor want to convert the bonds now? O Yes O No Suppose analysts expect Cheung to pay a dividend of $2.50 per share at the end of the year and for the dividend to grow at a constant rate of 5.5% per year. What is the expected conversion value five years from now? O $724.03 per share O $965.37 per share O $2,691.22 per share O $1,448.06 per share