Hannon Home Products Inc. recently issued $2.3 million worth of 6 percent convertible debentures. Each convertible bond has a face value of $1,000. Each convertible bond can be converted into 20.8 shares of common stock anytime before maturity. The stock price $37.45, and the market value of each bond is $1,100. (Do not round intermediate calculations. Round the answers to 2 decimal places. Omit $ sign in your response.) a. What is the conversion ratio? Conversion ratio b. What is the conversion price? Conversion price $ c. What is the conversion premium? Conversion premium % d. What is the conversion value? Conversion value $ e. If the stock price increases by $2, what is the new conversion value? Conversion value