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DNA Labs inc. has a $1,000 convertible bond outstanding that can be converted into 50 shares of common stock. The common stock is currently selling
DNA Labs inc. has a $1,000 convertible bond outstanding that can be converted into 50 shares of common stock. The common stock is currently selling for $34.30 a share, and the convertible bond is selling for $1,758.50. (Round the final answers to 2 decimal places.) a. What is the conversion value of the bond? Conversion value $ b. What is the conversion premium? Conversion premlum $ c. What is the conversion price? Conversion price $
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