Four years ago, Ideal Solutions issued convertible preferred stock with a par value of $50 and a stated dividend of 8 percent. Each share of preferred stock can be converted to four shares of common stock at the option of the investor. When issued, the preferred stock was sold at par value such that Ideal raised $2.5 million to found expansion of its operations. What is the annual dividend per share on the preferred stock? What is the conversion price of the preferred stock? When should an investor consider converting into common stock? (Ignore taxes and other costs that might be associated with conversion.) If all investors convert their preferred stock to common stock, how many new shares of common stock will Ideal have outstanding? Filkins Farm Equipment needs to raise $4.5 million for expansion, and it expects that five-year zero coupon bonds can be sold at a price of $567.44 for each $1,000 bond. How many $1,000 par value, zero coupon bonds would Filkins have to sell to raise the needed $4.5 million