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If a bond with a face value of $1,000, coupon rate and yield to maturity of 8%, and conversion ratio of 20, sees a drop

If a bond with a face value of $1,000, coupon rate and yield to maturity of 8%, and conversion ratio of 20, sees a drop in the common price to 25, the value of the security will be:

A. $500

B. greater than $1,000

C. less than $1,000

D. $1,000

Answer : D

* I NEED YOU TO SHOW ME THE WORKING ON HOW TO GET $1000

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