debentures of the same quality yielded about $8\mathrm{.}75\%$ at the time Roop's bonds were issued.

answer to two decimal places.

$\%$

answer of $$25,500,000$ should be entered as $25\mathrm{.}5.$ Round your answer to two decimal places.

$

million per year

$

per bond

nearest cent. Enter all amounts as a positive number.

$

What is the current value if a bondholder converts a bond? Do not round intermediate calculations. Round your answer to the nearest cent.

$

per share

Do you think it is likely that the bonds will be converted?

number.

The value of straight bond would have

from $

at the time of issue to $

fifteen years later.

calculations. Round your answer to the nearest dollar. Enter all amounts as a positive number.

$

per bond

What is the current value if a bondholder converts a bond? Do not round intermediate calculations. Round your answer to the nearest cent.

$

per share

What do you think would have happened to the price of the bonds?