Consider the following example. $1,000 par 9.5% annual coupon, $1,000 current convertible bond price, conversion ratio = 37.383, estimated straight bond value = $510, YTM of straight bond = 18.7%, underlying common stock price = $23. dividend per share = $0.75 (1) Calculate: (1) Conversion value (2) Market conversion price (3) Conversion premium per share (4) Conversion premium ratio (5) Premium over straight value (6) Favorable income differential per share (7) Premium payback period (2) What is the return realized on the convertible bond if some future point the stock is trading at (a) $46 or (b) $8