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Consider the following information regarding a convertible bond: Par value = $1,000 Conversion ratio = 30:1 Convertible bond price = $1,020 Given that the conversion

Consider the following information regarding a convertible bond: Par value = $1,000 Conversion ratio = 30:1 Convertible bond price = $1,020 Given that the conversion premium is $30, the current share price is closest to: A. $30.00. B. $32.33. C. $33.00.Consider the following information regarding a convertible bond: Par value = $1,000 Conversion ratio = 30:1 Convertible bond price = $1,020 Given that the conversion premium is $30, the current share price is closest to: A. $30.00. B. $32.33. C. $33.00.

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