Given the following information concerning a convertible bond: Principal: $1,000 Coupon: 6 percent Maturity: 14 years Call price: $1,055 Conversion price: $37 (that is, 27 shares) Market price of the common stock: $32 Market price of the bond: $1,030 a. What is the current yield of this bond? Round your answer to two decimal places. % b. What is the value of the bond based on the market price of the common stock? Use the given above number of shares into which the bond may be converted. Round your answer to the nearest dollar. $ c. What is the value of the common stock based on the market price of the bond? Use the given above number of shares into which the bond may be converted. Round your answer to the nearest cent. $ d. What is the premium in terms of stock that the investor pays when he or she purchases the convertible bond instead of the stock? Round your answer to the nearest dollar. $